The two companies will also discuss the development of an efficient production system to ensure stable supply capacity for jointly developed batteries. Nissan and Sunwoda aim to conclude a final agreement by the end of this year, based on the specific content and conditions of the study.
The e-POWER system includes a gasoline engine with a power generator, an inverter, a battery and an electric motor. Used solely to charge the high-output battery, the gasoline engine always runs at an optimal speed. This leads to superior fuel efficiency and lower emissions compared with a traditional internal combustion engine.
Nissan will expand the award-winning 100% electric motor-driven e-POWER technology globally into the B- and C-segments. Nissan expects to sell more than 1 million electrified vehicles annually by the end of fiscal year 2023.
Sunwoda has an established global track record in the development of lithium-ion batteries, mainly used in consumer electronics and automotive batteries. Nissan is confident that Sunwoda’s deep-rooted technological expertise will contribute to Nissan’s e-POWER strategy.
Further discussions by the companies will focus on combining Nissan’s expertise in electric vehicles and battery technology with Sunwoda’s next-generation battery development capabilities and production capacity, with an eye to strengthening competitiveness in the Chinese market and globally. The companies are also considering the joint establishment of a secure supply structure geared toward future global business opportunities.