Nissan says new electric vehicle competitors 'positive' for market

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Nissan says new electric vehicle competitors 'positive' for market

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YOKOHAMA, Japan (Reuters) – Nissan Motor Co <7201.T> considers new electric vehicle competitors positive for the market because it is an opportunity to “democratise” the environment-friendly vehicles, an executive vice president said on Thursday. Daniele Schillaci, head global sales and marketing who also oversees Nissan’s EV business, also told reporters it was logical to see the EV technology used in the new Leaf model carried over to SUV crossovers in the future. He did not elaborate on the timing of other EV models. Nissan on Wednesday launched the latest version of its Leaf electric car, facing stiff competition from Tesla Inc’s <TSLA.O> recently launched Model 3. [L8N1LL070]

(Reporting by Naomi Tajitsu; Editing by Chris Gallagher)
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