Nissan to overhaul electric powertrains for EVs, hybrids in search of cost cuts

YOKOHAMA, Japan : Nissan Motor Co Ltd on Thursday said it will overhaul its approach to powertrains for all-electric and hybrid petrol-electric vehicles as it aims to bring hybrid prices in line with those of petrol-powered cars by 2026.

It will also use solid-state batteries with materials that are cheaper than those usually used, such as nickel and cobalt, Senior Vice President Toshihiro Hirai told reporters. The effort is among many by automakers trying to make new-energy vehicles more affordable, such as by reducing the cost of electric powertrains which have yet to achieve parity with those used in traditionally powered vehicles.

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