🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Nissan stops taking orders of Sakura EV, X-Trail in Japan

Published 11/03/2022, 01:24 AM
Updated 11/03/2022, 01:25 AM
© Reuters. FILE PHOTO: A man checks a Nissan X-Trail SUV displayed at the Nissan booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song
NSANY
-
MMTOF
-

TOKYO (Reuters) - Nissan (OTC:NSANY) Motor Co has temporarily stopped taking new orders of its recently unveiled light electric vehicles (EVs) because of prolonged delivery periods of a year or more, a Nissan spokesperson said on Thursday.

The Japanese automaker stopped taking orders of the Sakura, fully electric micro "kei" cars, at the end of the month, the spokesperson said. The company announced the suspension on its website on Tuesday and it is unclear when it will resume taking orders.

Gasoline-electric hybrid models remain far more popular in Nissan's home market than EVs, but the automaker hopes to draw more Japanese drivers to battery-powered cars by offering low-priced micro models such as the Sakura.

Nissan also stopped taking new orders of the X-Trail crossover sports utility vehicle for the same reason.

The suspension is for the domestic market, the spokesperson said.

"We are unable to provide customers with a delivery date response," the spokesperson said.

Strong orders and the global semiconductor chip shortage, which had cast uncertainty over the production plan for the next fiscal year, have led to a prolonged delivery period of a year or more, the spokesperson added.

© Reuters. FILE PHOTO: A man checks a Nissan X-Trail SUV displayed at the Nissan booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song

The Japanese automaker unveiled the Sakura, its first jointly developed light EV with alliance partner Mitsubishi Motors (OTC:MMTOF) Corp, in May and said in July it had attracted orders of 23,000 units, exceeding the total number of battery-driven EVs sold by all companies in Japan last year.

Nissan said in August it would stop taking new orders for the Leaf EV currently sold in the domestic market in late September.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.