This month, Nissan and Renault, who agreed to deepen their cooperation under a new partnership, invested 600 million dollars in Indian factories, etc., approximately 79 billion yen in Japanese yen, and jointly developed EV = electric vehicles. announced to accelerate
On the 6th of this month, Nissan and Renault reviewed their capital relationship on an equal footing and agreed to deepen their cooperation in Central and South America, India and Europe under a new alliance, and both sides announced on the 13th as the first step. We announced specific initiatives in India.
According to that, the two companies will invest 600 million dollars, approximately 79 billion yen in Japanese yen, in a jointly operated factory and research and development company in Chennai, southern India, and will be the first EV = electric vehicle in the Indian market, two models. We will jointly develop six new models, including
Both companies plan to produce developed vehicles at this plant and export them not only to India but also to neighboring countries and regions, and plan to increase the operating rate of the plant to 80%.
India surpassed Japan to become the world's third largest automobile market last year, and the market is expected to grow further.
In addition, as the Indian government has announced plans to convert 30% of passenger cars sold in the country to EVs by 2030 as an environmental measure, competition among companies is accelerating. I would like to increase its presence by introducing a new EV.