The Japanese automaker said it will use the same components across models to make electric powertrains - the assembly which propels a vehicle - smaller and lighter, and reduce development and production costs by 30% within three years versus 2019.
"Materials that don't use such expensive precious metals are being developed, which will be a major factor in reducing costs," Hirai said. Nissan will apply its streamlined approach to powertrains to different sizes of vehicles, expecting to equip such vehicles as micro"kei" and mid-sized cars from 2024 or 2025, Hirai said.
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