Gelion PLC (AIM:GELN, OTC:GELNF, FRA:X0S), the sulfur battery company, has announced a three-year collaboration with Nissan and the University of Oxford to develop next-generation solid-state electric vehicle batteries using its proprietary Nano-Encapsulated Sulfur cathode technology. The £3.4 million project, named CoRe-SoLiS, has secured £2.4 million in combined grant funding from Innovate UK under its Battery Innovation Concept Development Round 1 competition, with £1.6 million awarded directly to Gelion's UK subsidiary.
Critics have compared the design to much-cheaper rides and bashed the brand for using tech to replicate the iconic engine growl.
The Japanese carmaker projected it would swing back to net profit in the current fiscal year after reporting its seventh straight quarterly loss.
Nissan booked a narrow operating profit of 58.0 billion yen ($367.60 million) for the year ending March 2026 on Wednesday, benefiting from a one-off boost tied to U.S. emissions regulations and improved cost performance.
The company is considering eliminating 10% of its local workforce along with other operational overhauls to reduce costs.
NSANY targets 2028 EV rollout with solid-state batteries, achieving a key prototype milestone that can double range and slash charging times.
NSANY unveils Mobility Intelligence for Everyday Life plan, boosting AI cars and cutting models from 56 to 45.
I retain a "Buy" rating for Nissan Motor after assessing the company's disclosures at a recent April 14 briefing. NSANY's 2030 growth targets imply a decent forward unit sales CAGR of +4%. Its cost restructuring is ahead of schedule, with further savings expected from product portfolio rationalization.
Watch WSJ Editor in Chief Emma Tucker's exclusive interview with Nissan CEO Ivan Espinosa, as he talks about the impact of the Mideast conflict on the carmaker.
Nissan plans to introduce a new type of hybrid for the U.S. market that drives like an all-electric vehicle but is powered by a traditional gas-powered engine. The new Nissan "e-Power," called a series hybrid, uses the engine as a generator to power the vehicle's electric motors that then propel the vehicle.
Nissan to export U.S.-built Murano to Japan as eased import rules under a U.S. trade deal reshape automakers??? strategies.
Nissan will export the Murano SUV built in Smyrna, Tennessee, to Japan beginning early next year. It marks the first American-made Nissan sold in Japan since the 1990s.