financetom
Business
financetom
/
Business
/
Nissan launches new Leaf in push to revive its electric mojo 
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nissan launches new Leaf in push to revive its electric mojo 
Jun 17, 2025 5:28 AM

By Maki Shiraki and Kentaro Okasaka

TOKYO (Reuters) -Nissan ( NSANF ) is betting on a new version of its Leaf electric vehicle (EV) to revive its fortunes, having gone from mass-market EV pioneer to laggard since its first model entered showrooms in 2010.

The Japanese carmaker's third-generation Leaf was launched on Tuesday and will go on sale in the United States in the autumn, with other regions to follow. But its success is far from certain in the face of significant obstacles.

The cars sold in the U.S. will be made at Nissan's ( NSANF ) factory in Tochigi, Japan, and therefore subject to tariffs. EV demand in the U.S., meanwhile, has cooled as customers clamour for hybrids, which Nissan ( NSANF ) still does not offer in America.

"There is a high possibility that this is going on sale at the worst possible time, given the imposition of tariffs and the Trump administration's rollback of EV subsidies," said Koji Endo at SBI Securities.

"If the new Leaf doesn't sell, it will mean big trouble for Nissan ( NSANF )."  

The price of the new Leaf has yet to be announced, but the previous hatchback styling has been overhauled as a crossover with battery capacity up to 25% more than the previous version. Nissan ( NSANF ) estimates a maximum range of up to 303 miles in the U.S. with its 75 kWh battery.

Even with the tariffs, the U.S. price will be competitive, a Nissan ( NSANF ) spokesperson said.

It is difficult to understate the Leaf's symbolic importance to Nissan ( NSANF ).

It was the world's best-selling EV for years until it was overtaken by Tesla. Introduced by the now-disgraced Carlos Ghosn, it heralded Nissan's ( NSANF ) desire to play a big role in the electric future. Despite the company's troubles in recent years, it has sold almost 700,000 Leaf vehicles.  

Chief Executive Ivan Espinosa now faces the difficult task of delivering much-needed cost cuts while continuing to invest in development of new vehicles to refresh its ageing line-up and lack of hybrids in the United States. 

Espinosa has laid out plans for big cuts, including seven plant closures and 11,000 jobs. That will bring staff cuts to about 20,000, including those announced by his predecessor last year.

Nissan ( NSANF ) reported a net loss of about $4.5 billion in the past financial year and faces 596 billion yen ($4.1 billion) in debt due next year. 

The new Leaf will also be made at the Sunderland factory in Britain. The Tochigi and Sunderland plants are not expected to be among the closures, though the Oppama factory where the Leaf was first made could be axed. 

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Sagtec Global Signs Master Dealership Agreement to Expand Speed+ System in Indonesia
Sagtec Global Signs Master Dealership Agreement to Expand Speed+ System in Indonesia
Mar 27, 2025
10:47 AM EDT, 03/27/2025 (MT Newswires) -- Sagtec Global ( SAGT ) said Thursday it has signed a master dealership agreement with PT Kiwari Asih Solusi to expand its Speed+ Cloud-Based Smart Ordering System into Indonesia. Financial details weren't disclosed. Under the agreement Kiwari has agreed to buy at least 10,000 licenses annually, which is projected to result in a...
Rivian Automotive Unusual Options Activity
Rivian Automotive Unusual Options Activity
Mar 27, 2025
Investors with a lot of money to spend have taken a bullish stance on Rivian Automotive ( RIVN ) . And retail traders should know. We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know. But when something this...
UK watchdog says SLB-ChampionX deal could hit competition
UK watchdog says SLB-ChampionX deal could hit competition
Mar 27, 2025
March 27 (Reuters) - Britain's competition regulator said on Thursday that oilfield services company SLB's proposed $8 billion deal to buy smaller rival ChampionX ( CHX ) could result in a substantial lessening of competition in the United Kingdom. The deal will be referred for an in-depth probe unless SLB and ChampionX ( CHX ) offer remedial measures, the Competition...
WISeKey International Set to Launch Second-Generation Satellite in June
WISeKey International Set to Launch Second-Generation Satellite in June
Mar 27, 2025
10:48 AM EDT, 03/27/2025 (MT Newswires) -- WISeKey International ( WKEY ) and its WISeSat.Space unit said the company's second-generation satellite is set to launch in June to expand cybersecurity services. The satellites will feature enhanced security protocols and a post-quantum cryptographic infrastructure developed by the SEALSQ ( LAES ) subsidiary, WISeKey ( WKEY ) said Thursday in a statement....
Copyright 2023-2026 - www.financetom.com All Rights Reserved