Investing
Nissan to set up joint EV research with China’s Tsinghua University
© Reuters. FILE PHOTO: The logo of Nissan is seen on a car ahead of a news conference at Nissan’s Sunderland plant in Sunderland, Britain, July 1, 2021. REUTERS/Phil Noble/File Photo
BEIJING (Reuters) -Nissan Motor said on Sunday it would establish a joint research centre with China’s leading Tsinghua University next year, focussing on research and development of electric vehicles (EVs), including charging infrastructure and battery recycling.
Nissan (OTC:) and other Japanese automakers have faced a severe sales challenge this year in China, the world’s biggest auto market, due to the popularity of domestic brands and heavy price competition amid a rapid shift to EVs.
“We hope that this collaboration will help us gain a deeper understanding of the Chinese market and develop strategies that better meet the needs of customers in China,” Nissan President and Chief Executive Makoto Uchida said in a statement.
China accounted for just over a fifth of Nissan’s worldwide sales of about 2.8 million vehicles over the first 10 months of the year, down from over a third for the same period a year earlier.
The launch of the research centre is an extension of joint research efforts the company has had with Tsinghua since in 2016 that focussed on intelligent mobility and autonomous driving technology.
Read the full article here
-
Side Hustles6 days ago
How to Develop Empowered Leaders Within Your Own Team
-
Passive Income5 days ago
Are You Running Your Business, or Is Your Business Running You?
-
Side Hustles4 days ago
How to Be Unapologetically You and Why It Matters
-
Investing5 days ago
7 Marketing Strategies to Help Your Startup Grow and Scale
-
Side Hustles5 days ago
How Your Body Language Can Help Win a Disagreement
-
Side Hustles5 days ago
OpenAI Raises Record $6.6 Billion, Adds 50 Million New Users
-
Side Hustles6 days ago
Why the Best Time to Sell Your Business Is When You Least Expect It
-
Investing3 days ago
Nvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane