Nissan Motor Co., now the third-biggest Japanese player behind Honda, is budgeting a record $4.51 billion for R&D as it rushes to update and electrify its lineup. The spending equates to around $1,123 per vehicle.
Of course, this year’s R&D spending is linked to vehicles set to arrive several years from now, not the ones landing on dealership lots in 2022. But the list of upcoming high-tech goodies is a long one.
Toyota, Honda and Nissan are all developing solid-state battery technology. Subaru will soon start building its own EVs in-house. Mazda is reviving its trademark rotary engine.
Throw in work on hydrogen fuel systems, automated driving and connectivity — as well as ambitious goals to electrify lineups by 2030 — and Japan is looking at an expensive decade.
“We keep increasing R&D year on year because we know R&D is the growth pillar,” Nissan COO Ashwani Gupta said. “We didn’t stop investing in the future.”
Naoto Okamura contributed to this report.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Automobiles News Click Here
