Nissan Plans More Affordable EVs With Cheaper Batteries Starting in 2026
- Nissan to produce cheaper EV batteries using lithium iron phosphate (LFP) instead of nickel/cobalt/manganese (NCM)
- LFP batteries 20-30% cheaper but have 20-30% less energy density and range
- Targeting emerging markets, plans to install new LFP batteries in EVs starting 2026
- Nissan aiming for 27 electrified models by end of decade
- Part of strategy to make EVs more affordable and accessible globally