Nissan's Infiniti luxury vehicle brand to go all electric by 2021, CEO says [Business News Network (BNN) Energy & Resources (Canada)]
NISSAN MOTOR LTD S/ADR (NSANY)
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Source: Business News Network
Nissan's Infiniti luxury vehicle brand to go all electric by 2021, CEO says DETROIT - Japanese carmaker Nissan Motor Co. (NSANY.PK) plans to transform its upscale Infiniti brand of vehicles into a primarily electrified offering, Chief Executive Hiroto Saikawa said on Tuesday. All new Infiniti models launched from 2021 will be either electric or so-called "e-Power" hybrids, Saikawa told the Automotive News World Congress in Detroit. The announcement revives plans for a luxury electric offering that Nissan first touted with a 2012 Infiniti show car, but later scrapped over profitability concerns. That left the road clear for Tesla's ( TSLA.O ) Model S, introduced the same year. "We are going to make Infiniti the premium and highly electrified brand," Saikawa said on Tuesday. Nissan and alliance partner Renault (RENA.PA) took an early lead in battery-powered cars with models such as the 2011 Leaf, still the world's top-selling electric vehicle. However, Tesla has hogged the limelight in
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