Dongfeng-Nissan Commits To Massive Electric Car Rollout, 20 By 2022
Dongfeng Motor Co., the 50-50 joint venture between China’s Dongfeng Group and Nissan Motor Co. announced a midterm plan that envisions widespread electrification.
The company intends to invest 60 billion RMB ($9.54 billion) in manufacturing, products, R&D, human resources, CSR and the environment to support its sustainable growth over the next five years.
Sales are expected to increase from 1 million annually to 2.6 million vehicles, while revenue is expected to rise to 300 billion RMB ($47.7 billion) by 2022 .
A big part of the equation is electrification as 20 electrified models (Nissan, Venucia and Dongfeng) are scheduled for introduction by 2022. That’s out of a total of 40 new models launching by then, so half will be electrified.
First six models, including some series-hybrids like e-POWER, are expected in 2018 and 2019.
- More than 20 electric models (zero-emission and e-POWER) to be introduced across all brands; six models in 2018 and 2019 across the Nissan, Venucia and Dongfeng brands
- 30% of all DFL sales in 2022 will be electrified
- Through providing electrified driving performance with class-leading connectivity and autonomous driving capabilities, INFINITI will have 25% of its portfolio electrified in 2022, transitioning to 100% by 2025
- Introducing and localizing industry-leading e-component technologies to China