Nissan Motor Co. Ltd. plans to stop developing new internal combustion engines in all major markets except the United States and instead focus on developing and manufacturing electric vehicles, the Nikkei business daily reported Monday.
The automaker will continue limited development of gasoline engines for its U.S. market, mainly for pickup trucks, according to Nikkei, which did not cite any sources.
The Japanese company plans to build new battery recycling factories in the United States and Europe by the end of fiscal 2025, Nikkei reported in December.
Worldwide, automakers have launched efforts to shift their lineups to electric vehicles.
