Nissan Scales Back Production of New Leaf Models Due to Battery Supply Constraints, According to Nikkei
Nissan, a company that has been a laggard in the electric vehicle (EV) market since its first model entered showrooms in 2010, has announced a reduction in the production plan for its upcoming Leaf model. According to a report by the Nikkei business daily, the reduction is due to delays in battery procurement.
The new version of the Leaf is crucial for Nissan as the company aims to revive its fortunes in the EV market. The Tochigi plant in eastern Japan, responsible for producing the new version of the Leaf for both the U.S. and Japanese markets, is where the production problems have arisen.
The production problems at the Tochigi plant are not limited to the new Leaf model. Previous issues were reported for the Ariya model in 2023, as reported by Reuters. The exact number of vehicles affected per month is not specified, but it is several thousand.
Nissan has reduced its production plan for the new Leaf electric vehicle by more than half for September-November. Despite the production issues, the new Leaf model is still planned to be released by the end of the year.
The source of the information about the reduced output plan is the Nikkei business daily. Nissan did not comment on the speculative reports about the production plan. The benchmark Nikkei average (.N225) gained 0.3% while Nissan's shares closed 0.4% down before the Nikkei report.
The delays are caused by lower than expected battery yields at a Nissan affiliate. The Nikkei report does not specify the exact number of vehicles affected per month for the new Leaf model. This potential setback could potentially affect Nissan's efforts to revive its fortunes in the EV market.
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