News On Japan

Nissan Bets on All-New Leaf to Drive Its Corporate Revival

TOKYO, Oct 08 (News On Japan) - Nissan, currently in the midst of rebuilding its business, has unveiled a new model of its world-first mass-produced electric vehicle, the Leaf, as part of efforts to revive the company’s fortunes. The automaker will begin domestic sales of the third-generation Leaf on October 17th.

"The new Leaf has evolved in every aspect—performance, comfort, and efficiency," said Nissan Japan Marketing Chief Zen Sugimoto.

The most notable feature is its extended driving range: over 700 kilometers on a single charge, roughly 40% longer than the previous model. Charging time has also been significantly reduced, allowing the car to travel up to 250 kilometers after just 15 minutes of charging. With government subsidies applied, the price will be around 3.5 million yen.

For Nissan, the Leaf is a symbolic vehicle. As the world’s first mass-produced electric car, it once shocked the global automotive industry. Former Prime Minister Junichiro Koizumi commented at the time, "I’m confident it will spread as we move toward a society free from oil dependence." Former CEO Carlos Ghosn also declared, "As a zero-emission leader, Nissan Leaf marks the first step toward a new era."

However, the early bet on EVs faced challenges—charging infrastructure lagged behind, and the driving range fell short of consumer expectations. During that time, Tesla rapidly expanded with innovative production methods and cutting-edge technology, rising to dominance in the EV market.

Now that electric vehicles are gradually becoming mainstream in Japan, competition has intensified. Honda recently introduced a mini EV, Suzuki plans to enter the market with a compact EV, and China’s BYD is set to launch its own mini electric model in Japan next year.

Meanwhile, Nissan has been struggling financially, reporting massive net losses, closing seven factories, and cutting 20,000 jobs as part of restructuring measures. The Leaf now represents the company’s hope for revival.

"We take pride in leading Nissan’s brand through electric vehicles," Sugimoto said. "With this Leaf, we aim to create a world that embodies ‘Re:Nissan.’"

Whether the new Leaf can become the symbol of Nissan’s resurgence remains to be seen.

Source: TBS

News On Japan
POPULAR NEWS

A 16-year-old boy has been arrested in connection with a deadly robbery at a home in Kamimikawa, Tochigi Prefecture, on May 14th, in which a 69-year-old woman was killed and two other family members were injured.

Bluefin tuna, now being caught in unusually large numbers around areas such as Sado Island in Niigata Prefecture, is becoming significantly more affordable, with some restaurant operators even saying it is cheaper than horse mackerel.

The impact of Japan’s growing naphtha shortage is spreading across a widening range of industries, raising concerns about manufacturing, logistics, and even daily consumer life.

The Cannes Film Festival opened this week with three Japanese films nominated for the festival’s top prize, the Palme d'Or, including 'Sheep in the Box' directed by Hirokazu Kore-eda, 'Nagi Notes' directed by Koji Fukada, and 'Suddenly Feeling Unwell' directed by Ryusuke Hamaguchi.

Japan has approved the application of public health insurance to a regenerative medicine product using iPS cells to treat Parkinson’s disease, marking the world’s first practical use of iPS cell-based regenerative medicine.

MEDIA CHANNELS
         

MORE Business NEWS

ENEOS Holdings announced that a tanker operated by one of its group companies has successfully passed through the Strait of Hormuz in the Middle East.

Aichi Financial Group, which owns Aichi Bank, and Mie Prefecture-based Sanjusan Financial Group announced that they have reached a basic agreement toward a management integration.

Nissan Motor announced its financial results for the year through March 2026 on May 14th, reporting a net loss for the second consecutive year as the company continues efforts to rebuild its business.

Despite a prolonged downturn in the publishing industry, a bookbinding machine manufacturer based near Lake Biwa has continued to expand globally by adapting to a major shift in the way books are produced.

The “ink shock” caused by tensions in the Middle East is beginning to spread across Japan’s food packaging industry, prompting manufacturers to simplify designs and reduce ink usage as concerns grow over naphtha supplies and rising printing costs.

The yield on Japan’s benchmark newly issued 10-year government bond rose to 2.60% in the Tokyo bond market on May 13th, marking its highest level in approximately 29 years since June 1997.

Foreign acquisition of Japanese land has become a growing topic of debate in recent years, and now the trend is reaching Ashiya, one of the Kansai region’s most prestigious residential areas, where soaring property prices are increasingly being linked to demand from wealthy Chinese buyers.

Bloomberg reported on May 11th that SoftBank Group Chairman and CEO Masayoshi Son held discussions with French President Emmanuel Macron regarding investment in AI data centers in France.