Business

A precious metals shortage is pushing Nissan to rent, not sell, electric vehicles to customers

Aug 04 (fortune.com) - The circular economy is coming to electric vehicles for both environmental and financial reasons, as a leading Japanese automaker plans on starting a rental scheme for its battery-powered cars.

Drivers interested in making the switch to electric will soon have another option to do so in Japan, as Nissan—manufacturer of the Nissan Leaf, one of the earliest and bestselling electric cars on the market—is preparing to launch a new rental plan for its EVs, the Financial Times reports.

Nissan’s initiatives will operate as a subscription scheme.

Customers will sign up on a monthly basis, but Nissan hopes that they will rent electric cars for years before returning them, according to the FT.

The service will be exclusively available to Japanese customers.

The initiative will make it easier for Nissan to keep its electric cars inside the country, where the batteries can be reused. ...continue reading

MORE Business NEWS

Nostalgic Farewell as Ito-Yokado Closes in Fukushima

The cherished supermarket, Ito-Yokado, has closed its doors in Fukushima, bringing its 39-year history to a close.

Steakhouse Bankruptcies in Japan Hit Record High as U.S. Beef Prices Soar

According to Teikoku Databank, there were ten steakhouse bankruptcies in the 2023 fiscal year, five times the previous year's count, marking a record high.

Daihatsu Ends 4.5-Month Pause at Main Plant

Daihatsu Motor has resumed production at its headquarters plant, which had been suspended due to irregularities in certification testing. With this, all of Daihatsu's domestic plants are now operational.

POPULAR NEWS

One in Eight Elderly Japanese Affected by Dementia

A recent study by the Ministry of Health, Labour and Welfare has revealed that approximately 4.43 million elderly individuals, or one in eight people over the age of 65, are diagnosed with dementia in Japan.

Sacred Mount Koya Swamped by Excessive Tourism

Mount Koya, a UNESCO World Heritage site enveloped by mountains standing at 1,000 meters, welcomes visitors into its sacred expanse established 1,200 years ago by the monk Kukai. However, this revered site is facing a severe overtourism crisis, with tourists exceeding the local population of 2,600 by 500 times, leading to illegal parking and dining difficulties.

Two-Headed Snake Discovered in Fukuoka

A two-headed snake, a rare curiosity, was discovered in the mountains of Kitakyushu City in Fukuoka Prefecture.

Viral Video Reveals Pickpocket in Action at Crowded Tokyo Market

At the bustling Tsukiji Market in Tokyo, which attracts tourists from around the world daily, a Brazilian tourist captured an unexpected moment in a video he was livestreaming.

U.S. Eases Cannabis Regulations While Japan Imposes Strict Penalties

The United States is moving towards easing cannabis regulations, while Japan maintains strict controls. How should Japan approach cannabis in the future?

FOLLOW US