Nissan: Transcript from a media turn list event with Carlos Ghosn during Auto China 2016

Posted on 05. May, 2016 by in Nissan Canada

BEIJING, China – At Auto China 2016, Nissan denounced a all-new Tiida and announced a internal launch of Maxima, strengthening a product charity for immature consumers in China. Additionally, a Nissan IDS Concept premiered, bringing a company’s prophesy for a destiny of EVs and unconstrained pushing (AD) to China.

Following are remarks from a media turn list event during a uncover with Renault-Nissan Alliance CEO Carlos Ghosn. The categorical questions were on EVs, yet there were also questions about Autonomous Drive, a tellurian SUV boom, Nissan’s expansion in China, and a new agreement between Renault and Nissan.

 


 

Q1: [In Chinese – about electric cars]

Carlos Ghosn: Well we suspect by new appetite automobile we meant electric cars, okay, so let’s pronounce about electric cars. About electric cars now we have an offer that is what we call a high spec offer, high spec offer. Nissan broach it with a Venucia indication and Renault will be introducing it with a Freelance Electric that will be introduced to a Chinese marketplace following joining done by Renault to broach electric cars. This is what we call high spec that means high cost with unequivocally good opening yet now these models are not offered unequivocally good in China. What are offered in China are revoke spec models, some-more affordable price, so we are both from Renault and Nissan continue to rise high spec indication by creation it revoke cost, some-more autonomy, some-more range, that’s one thing yet also we are operative unequivocally tough into introducing a low spec affordable electric cars and with this we are operative with a friends from Donfeng given we consider that in sequence to be a vast actor in a Chinese marketplace we need both offers – high spec, low spec, aloft price, revoke cost – given we trust that a support that a Chinese organisation is giving to electric cars is going to continue and it’s going to be stronger.

 


 

Q2: [In Japanese – about Mitsubishi]

Ghosn: Yes, initial as we pronounced Mitsubishi is during a same time a partner and a competitor. I’ve never done any comments on any automobile marketplace that is anticipating itself in this kind of conditions in a past, we need to honour any automobile makers temperament and any automobile makers devise and any automobile makers decisions or response to this kind of problem. We will wait until a finish phenomenon given we know there is an exploration holding place now both from Mitsubishi with a organisation of a Japanese government, we will wait until all a conclusions have been known. We are apparently endangered given as we pronounced we are shopping from Mitsubishi many of these cars, I’ll wait until all a contribution are on a list to make a preference as a business chairman yet we will do it as business people yet being endangered into anything else, anything else that is conflicting from a interests of Nissan.

 


 

Q3: [In Chinese – on Renault Nissan cooperation]

Ghosn: Well a co-operation between Renault and Nissan is unequivocally simple, we have common platforms, we are perplexing as many as probable to be some-more fit on investments, investments on technology, investments on gaining scale in record yet during a same time we are gripping a brands very, unequivocally separate, unequivocally separate. Why? Because we wish a dual brands to seductiveness to their normal customers. Nissan is a Japanese code competing generally conflicting Toyota, Honda, Hyundai, Kia etc, etc, Renault is a European code competing generally conflicting other European brands and we wish to continue to have this distinction. The Alliance exist for 16 years and for 16 years we have been co-operating together and for 16 years nobody can contend there has been any cannibalisation between a dual companies given we have been always clever to contend a co-operation to all that consumers do not caring about and, on a contrary, contend a finish separate on all that is critical for a consumer and we are going to continue to see this into a future. So some-more common platform, some-more common technological bricks, a totally conflicting organisation and totally conflicting clarification of a product in duty of a Nissan DNA from one side or a Renault DNA from a other.

 


 

Q4: [In Chinese – on preference of suppliers]

Ghosn: It is formidable to answer your doubt given initial we need to make certain that on these technologies, like unconstrained cars, connected cars, 0 or low glimmer cars, a pattern is to come as shortly as probable to a marketplace in a many fit way. So we don’t name suppliers by nationality, we don’t. We name a suppliers who can give us what we need. For instance on batteries we are operative with LG Chemical, we are shopping some batteries from LG Chemical, LG Chemical is a Korean company, it’s not Japanese, it’s not French, etc. Why are we operative with LG Chemical? Because we consider LG Chemical has a best performance. So we don’t wish we to consider that we name suppliers by citizenship, we name a retailer initial in duty of their ability to broach what we wish and their ability to partner with us. So apparently a ability to partner with we customarily means some kind of informative proximity. Two Japanese companies are going to be partnering some-more easy than a Japanese association and a non-Japanese company, dual European companies are going to be partnering some-more simply than a European association and a non-European association yet during a same time we have to have some kind of informative vicinity for a prolonged tenure attribute yet afterwards we demeanour also during a opening of any association and we make decisions. So from time to time we are going to name a Japanese company, from time to time we are going to name a French company, from time to time we are going to name a Korean association or from time to time we are going to name a Chinese company, okay. So decisions are done one by one yet what prevails is eventually a opening of a offer onto a market.

Now on unconstrained expostulate we are going to see each kind of configuration, we know a Germany association collides together to buy Here that is an associate of Nokia. Okay, fine, does it meant we’re going to join? We don’t know yet we are deliberation a offer from Here, we are deliberation a offer from Mobileye, we are deliberation other offers and we are going to continue to have as many as probable a choice. What is critical is not so many how gentle we feel with a supplier, it is how effective we consider a retailer is going to be into delivering this opening given we can tell we that on unconstrained drive, on connectivity and on electric cars, a foe is going to be unequivocally tough so we can't be restored or name people usually given you’re gentle with them or given they pronounce a same denunciation as you. You are going to have to name on function, their ability to broach a opening that we want.

 


 

Q5: [In Chinese – on EV platforms and intelligent vehicles]

Ghosn: Well initial we don’t consider we’re going to … Let’s start with a EV platform. High spec EV unequivocally substantially will be one height yet we don’t consider high spec EV and low spec EV are going to be common platforms so responding your question, no, there are going to be dual platforms, high spec and low spec, that’s for certain yet we still have to build one high spec EV and one low spec EV, that’s a intent. For a impulse we’re not there. Now for a initial doubt that was intelligent vehicles, a doubt was what? Ah yes, yes, yet we have to be unequivocally clever given with a expansion of intelligent vehicles we can know that there is a lot of traps on quality. So we have initial traps on peculiarity so we have to be unequivocally certain that with a brief cycle we don’t tumble into this trap series one and second, with a expansion of a intelligent automobile we have a lot of problems about cyber confidence appearing that we need to solve. So yes, we are going to have to pierce faster yet during a same time we wish to make certain that we’re not descending into any traps or in terms of peculiarity or in terms of confidence of a information and confidence of a users. So this is a difficult problem and if we tell me, do we need to pierce faster? Yes, we need to pierce faster yet during a same time we have to be unequivocally clever by relocating faster that we don’t concede anything about cyber confidence or anything about a peculiarity and a trustworthiness of a data.

 


 

Q6: [In Chinese – on marketplace share of electric cars]

Ghosn: First let me assure we that we don’t forget any one of a questions please, keep that in mind. The initial one is yes, we are disappointed. We are a upholder of electric cars, we are, we were a initial one in 2006 to go a electric automobile has a destiny in this courtesy and we were a usually one, a usually one, okay. Nissan and Renault took a lead on electric cars in 2006, we announced it, we told we what we were going to do and we are relocating with a electric car. At that impulse there is nobody entrance with electric car, now everybody is entrance with electric car, that’s fact. In Europe in 2015 Renault and Nissan had some-more than 50 percent marketplace share of electric share. Good, a European marketplace is flourishing and both Zoe and Leaf are leading, good, this is fair. In a United States we are relocating ahead, we are confronting some headwinds yet we are entrance with aloft operation cars given a operation is an issue, there is foe entrance from General Motors and from Tesla, good. In China we brought a automobile yet we are not offered it and we’re not offered it given we are being told that it is too costly and a operation is maybe not as vast as a consumer wants.

So what’s selling? We demeanour during what are a electric cars that are offered in China and a electric cars that are offered are 25 percent revoke POC cost than a Venucia and with a operation that is aloft than a Venucia. So we have to be unequivocally clear, we need to revoke a cost and boost a range. We know how to do that, it is going to take a small bit of time yet we know how to do it yet during a same time what is unequivocally elaborating are a inexpensive electric cars and this is where we have no offer and this is where we need to rise an offer. So we don’t wish we to have a sense that we have a automobile and it’s okay, we pronounced we are not offered it and it’s a problem.  No, we need to follow a market, not usually a marketplace follows us yet we need to follow a marketplace so a devise in China is going to be initial adjust a product to a marketplace needs yet during a same time come with other products that is unequivocally offered now in China. So we can't tell we we am happy with a sales of Venucia electric, I’m not yet during a same time that’s not sufficient, what is critical is what are a base causes, given are we not offered this car, what should we do in sequence to sell this automobile and what are a Chinese consumers shopping in terms of electric cars? we am assured that China will be a unequivocally vast electric automobile market, not hybrid, electric given a Chinese organisation has been unequivocally transparent in ancillary 0 emissions and putting a lot of incentives behind electric cars. So we have a unequivocally transparent vigilance from a Chinese organisation that they wish electric cars and they wish a expansion of electric cars so we are going to follow and we are going to contribute.

 


 

Q7: [In Chinese – on SUV and Chinese infrastructure]

Ghosn: Okay, these are dual questions that are totally legitimate. Let me take this event to ask a Head of Renault in China, M. Prevost, to tell we given Koleos is critical and given we are rising Koleos in China.

M. Prevost: Thank you. Koleos will be a second car, second SUV, during a finish of a year. As we know we usually launched Kajar, a CSUV and Koleos will be a second one, a DSUV and it is suggestive for all teams in China to have a universe far-reaching exhibit by a Chairman now display a significance of a Chinese marketplace for Renault Group.

Ghosn: Okay Seki San maybe on Chinese infrastructure.

Seki San: Thank we unequivocally much. At initial infrastructure was delayed yet it has softened dramatically. China compared with other mature markets, so many people are vital in apartments or mansions so not so many dedicated automobile space, that is a worry yet indeed 60-70% of a business have a charging symbol in their mansions or apartments, this is many aloft than a expectations so they are securing their charging by themselves and duration organisation is unequivocally critical to refurbish discerning horse as good so this is improving so we are not so many worrying about infrastructure expansion in China.  Towards 2020 it will be locate adult with Japan we think.

 


 

Q8: [In Chinese – on rising new cars]

Ghosn: First apparently we have many products entrance yet we we’re not prepared to pronounce about them given what we wish now is to sell a products we have. If we start articulate about a products entrance in a destiny somehow it always handicaps a sales of today. Tesla has not this problem given they launched Tesla Model 3 that is a totally new automobile so even yet they announce it now and it will be offered one year and a half down a road, it is not replacing any existent product so there is no impact on that, okay. We have to be some-more clever given now we are offered electric cars and even yet we wish to continue to foster these cars we don’t wish we to consider these are a usually cars we are going to be rising on a market. There is going to be a lot of creation entrance from Nissan and Renault and we are intending to contest conflicting all a other automobile makers on electric cars. So we don’t wish we to consider that what we are observant now is all we are going to see from us, we are examination competition, we are measuring what they will be entrance with and we will be some-more than happy to uncover we a capability in terms of electric cars entrance from both Nissan and Renault.

 


 

Q9: [In Chinese – on unconstrained cars]

Ghosn: we don’t consider Nissan has a goal to move a initial unconstrained automobile in China yet we can tell we that it will come unequivocally shortly given apparently immediately when a record will be accessible China being a unequivocally vast marketplace for Nissan, we are intending to move this record as shortly as possible. We have a devise and we have already summarized a conflicting stairs to broach unconstrained drive. We are going to have cars entrance in 2017, 2018, 2019 with conflicting bricks of unconstrained drive, finale adult in 2020 that is what we call a genuine unconstrained expostulate that is what we call a city drive. So we are going to start with one line highway, multi line highway and afterwards city driving. So it is going to be a on-going record and China is apparently tip of a mind to broach this technology. Now we can't dedicate to we that a initial cars in each step are going to be launched in China, we are going to be unequivocally useful and rising a initial poignant cars can be in Japan, it can be in Europe, it can be in a United States and China also will be a vital marketplace for us to broach this technology.

 


 

Q10: Hello, Hans Dremel from Automotive News. I’d like we to pronounce a small bit about a separate celebrity that we see in a China marketplace here. That being during a uncover here we saw a lot of automobile makers pronounce about dual things, SUVs and NEVs and they are roughly during a conflicting extremes of a market, kind of cancelling out a intentions of a other. Which of these dual ways will win? The NEVs are being spurred by these organisation incentives, a SUVs are being spurred by tangible marketplace direct for people who wish it, that of these is a safer gamble prolonged term?

Ghosn: Well initial we can have SUVs, that are EVs during a same time, usually observant yet we are not there, we’re not there. SUV is a marketplace driven sales, we are observant a swell of SUVs and crossovers in China, we’re observant it in a United States, in Europe, everywhere crossovers and SUVs are contributing to a expansion of a industry, okay. In a opinion this is a trend that is going to continue, utterly given a offer on crossover and SUV is apropos some-more and some-more rival and some-more and some-more diversified that is going to kindle this trend, so this is a marketplace driven trend and automobile makers are going to continue to feed into this trend. That’s series one.

EVs for a impulse are generally upheld by governments. Why are they upheld by governments? Because a consumer is not prepared to burst into EV as prolonged as he sees a cost is during best equivalent, he doesn’t see infrastructure so many of a consumers contend okay, we like a EV, it’s unequivocally engaging yet where am we going to assign a automobile and how prolonged is it going to take to assign a car? Third, he is watchful for some kind of inducement entrance from a organisation in sequence to burst in and inducement is not usually about money, it is also about infrastructure. So yet any doubt, EVs expansion are going to be driven by regulation, yet any doubt. But hey, let me remind we of another marketplace that was driven by law and by inducement – it was diesels in Europe. How come that Europe has some-more than 50 percent of a marketplace in diesel when a United States has 0 percent or Japan has 0 percent? They are a same automobile makers by a way, they are a same automobile makers in a United States, in Europe and in Japan, same technology, same automobile maker, 50 percent of a European automobile marketplace is diesel, 0 percent many of Japan and 0 percent of a United States. Same automobile maker, what’s a difference? Regulation, incentives, eagerness of a organisation to import on one sole record to a wreckage of a other and we can tell we that on EVs organisation are going to have a lot of change on a expansion of a EVs.

So what we wish to contend is yes, you’re right, SUV is generally marketplace driven, consumer driven. EVs are going to be heavily upheld by organisation during a commencement yet wait a second, when costs are going to go down, batteries are apropos some-more fit and infrastructure is going to be stronger, we are going to see a swell of EV. Where is this surge? Well we’ve seen it in a orders, a outrageous orders that Tesla has been having. It looks like when we cranky a 300 kilometres operation and we go next $35,000 cost and we have a neat design, we start to be intensely engaging for a consumer yet it has to have from a commencement clever support from a government.

Hans Dremel: And will that organisation support continue amidst a regard about funding abuse, generally by a internal EV makers here?

Ghosn: we consider honestly … we consider privately yes, a support will continue given now a categorical engrossment is about emissions and a categorical engrossment is about CO2 and a categorical engrossment is about tellurian warming and if we wish a radical resolution to that we are going to have to support 0 emissions.

 


 

Q11: Hi Craig Shugel with Bloomberg News. You have an annual shareholders open entrance adult after this month during Renault.

Ghosn: On Friday.

Craig Shugel: Yes, it’s been a year given there was poignant expansion in a Alliance involving a French state in some changes late final year to assistance solve that issue, could we yield us with an refurbish as to how those 3 parties are confident with a understanding that was reached late final year and given us an thought as to either we should have any expectancy that things have been resolved?

Ghosn: You wish to know either we should come to a shareholder open or not?

Craig Shugel: Am we invited?

Ghosn: Don’t come, it’s going to be boring! It’s going to be boring, why? Because we reached a fortitude agreement in Dec as we know between all a parties and given we reached a fortitude agreement we didn’t hear anything that means that all a parties during a finish of a day found a common denominator that satisfies all a parties. So if we are looking for a ubiquitous shareholder open to attend given we have some scoop, we don’t consider we are going to be confident with a Renault one.

 


 

Q12: [In Chinese – Nissan opening in China]

Ghosn: We have with us a Head of a Chinese Operations, Seki San, who will be means to explain to we Nissan opening in China.

Seki San: Thank we for your questions. First, we are still forward of Toyota and Hyundai as a competitor, we are series one code in China. We sole 1.25 million final year and a biggest funding underneath DFL is DFLPB, they sole 1.02 million. Both are top record ever yet we are right, compared with sum commission of a competitors we are a small bit shy. Primary reason one, we have LCVs that is not growing, that is now a encumber yet LCV marketplace will be stabilised shortly so that needs to come following in yet during this impulse it’s right. Second, stream volume sum is generally entrance from new cars and afterwards final year we introduced new automobile yet it was late. From now on substantially we will support a expansion unequivocally fast so greatfully demeanour during and watch us and we will grow, locate up.

 


 

Q13: Nori from Reuters. Follow adult questions on a EV marketplace here, one, do we feel a small bit irreproachable by this whole China push, a expansion that’s function here? There is a lot of direct for EV it seems like and this is going to … You pronounced that we are going to focus, start building low spec affordable EVs yet during a same cars like Leaf and we theory we call it Venucia over here, that’s going to also substantially be propped adult by this demand. we usually wish to know how we see sales, can we pronounce about a marketplace here? Last year we consider was like 300,000 units, what do we see function here and when is this low spec EV coming?

Ghosn: As a business chairman we can't be confident or irreproachable given people are following a concept, we need sales and distinction to make certain that a judgment is right. For a impulse in China we have conjunction sales nor distinction on electric cars that still have a vast inquire symbol about what we’re doing, okay. Now when we demeanour during a 300,000 cars, EVs sole in China, some of them are profitable, others are not. Most of them are sole to swift or administration, not so many to private consumers or to people so we have to be intensely clever about who is shopping these cars, what is a mercantile change of this, before we settle a strategy. Today a Venucia is not offered and it’s not offered given it’s not a good electric car, it’s given it’s too expensive, it’s clear, a transparent signal. So we need to work on this, that’s series one. We have this technology, it’s benefaction in China, we need to revoke a costs, we’re operative on it yet during a same time we know there is another direct popping adult that is a unequivocally inexpensive EV yet low spec, that is a totally conflicting car. So we need also to contest in this shred which, by a way, low spec EV is not usually a speciality of a Chinese market, we consider that there is a marketplace for this low spec EV globally and utterly in rising markets. We consider that a low spec EV grown in China can seductiveness India, can seductiveness many other building markets. That’s given we are profitable courtesy to this, this is not something specific to China, this is something that can turn partial of a tellurian demand. So yes, we are irreproachable in a tenure that we have seen EV and EV is entrance yet during a same time we are a small bit undone given for a impulse we are not observant a lapse on this, utterly in a Chinese market, given we’re not offered too many units.

 


 

Q14: [In Japanese – about Mitsubishi]

Ghosn: So what did we do when we schooled about this? Obviously we called to my arch operative and asked him, what’s going on? That’s my greeting and he explained to me what was going on etc, etc, that’s it. Second, does it erode a credit of a Nissan brand? we don’t consider so, we consider initial we need to know what went and we already talked to a business shopping a K automobile done by Mitsubishi underneath a Nissan code to tell them whatever preference will be made, we will mount by a customers, that is what they are awaiting of us, to contend that we mount by a patron given this is a Nissan code on a product and whatever preference will be made, we will make certain that a patron is happy.

 


 

Q15: Hello, we am Donny Fuentes from Barcelona, Periodico from Barcelona. we wish to know your opinion about a greeting in Europe and USA and Japan about a glimmer controls and do we consider some governments are overreacting now?

Ghosn: That’s an engaging approach to put a question! we consider now there is a reduction of many conflicting kinds of problems. There is one intensely critical problem and one intensely critical doubt is does a automobile manufacturer cheat? Okay, that’s a many critical one, are we cheating. Whatever I’m endangered about Renault or about Nissan, it has been unequivocally transparent that we have positively no device display that we have in any way, during any turn cheated. That for me is a many critical element, given that is where a trust of a open is, that’s indicate series one.

Then after this we have what we call a genuine pushing opening in terms of emissions where there is a difficulty in a open between okay, this automobile is homologated, it is homologated in a box of diesel with a certain turn of NOX emission. How come that if we exam a automobile in conflicting conditions we can have 3 times, 5 times, 10 times, twenty times some-more NOX than during homologation? That’s a categorical doubt and a categorical doubt is now as we know positively no law on this and we acquire – and we pronounced it many times – we acquire that there should be law on circle pushing emissions and as we know, a European Commission has motionless on a new law on circle pushing emissions on Euro Six, starting in 2018.

So it’s entrance given it’s not adult to automobile makers to contend what is excusable and what is not acceptable. It’s adult to a regulator to contend this is excusable and this is not excusable and afterwards after this we consider a manners will be clearer. So now there is a small bit of difficulty between conflicting problems given people are putting what happened with [inaudible 40.35], what’s function with Mitsubishi, in a same bag. But no, there are conflicting kinds of problems with conflicting kinds of issues and we as automobile makers need to make certain there is no difficulty in a mind of a consumer, even yet it’s tough given these are difficult issues, in sequence to contend a trust that is required between us and a consumer. Now we have somebody with me who has been operative day and night on this issue, that is Gaspar Gascon who is a Head of Engineering of Renault who has followed from a beginning.

Gaspar Gascon: Thank we unequivocally much. As we substantially know, due to this supposed diesel liaison that happened in Sep of 2015, a categorical European  governments motionless their possess initiatives to perform some kind of exam with usually one goal is to know if there is someone else that was intrigue and these tests has now been performed, many of them, and we consider we are wakeful that dual weeks ago a French organisation expelled a formula of a exam in a kind of singular news and final week on Thursday and Friday it was a UK authorities and a German authorities. In a 3 reports it mentioned unequivocally clearly, as Mr. Ghosn says, that no one else was cheating, usually a one that we know. The second subject of march that this news shows is that all a cars, when we try to exam them in supposed make-believe of genuine pushing conditions, evacuate some-more than a value than in their evaluation. That is not a surprise, honestly speaking, it was not a warn for anybody so according to that of course, all a governments as we see, they are overreacting and substantially they are perplexing to contend automobile makers have to do something for that. We contend let’s change a regulations and we are happy to do that and to be closer to a existence than in a tests that are ageing, thirty years old. So we are happy with that.

As we know as good we have announced, given we are utterly obliged on that, we have announced that maybe there are some intensity contra-emissions that we can exercise utterly fast in sequence to lessen in some approach a genuine emissions, a glimmer of NOX in genuine conditions and this is what we have announced in Apr 5. And in parallel, as we know as well, we are building a new era of diesel engines that are dictated to evacuate a destiny regulations that we wish unequivocally shortly will be entirely functioning, it is not a box right now.

We are out of time. We are going to have to tighten now. Thank we unequivocally many Mr. Ghosn and appreciate we everybody for participating.


Nissan during Auto China 2016: Full Press Conference

 

More from Auto China 2016:

Venucia debuts T90 during Auto China 2016

Nissan serve strengthens a indication choice for immature Chinese consumers during Auto China 2016

Remarks from Daniele Schillaci during Auto China 2016

Daring Infiniti QX Sport Inspiration judgment denounced in Beijing

 

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Nissan: Transcript from a media turn list event with Carlos Ghosn during Auto China 2016

Posted on 05. May, 2016 by in Nissan Canada

BEIJING, China – At Auto China 2016, Nissan denounced a all-new Tiida and announced a internal launch of Maxima, strengthening a product charity for immature consumers in China. Additionally, a Nissan IDS Concept premiered, bringing a company’s prophesy for a destiny of EVs and unconstrained pushing (AD) to China.

Following are remarks from a media turn list event during a uncover with Renault-Nissan Alliance CEO Carlos Ghosn. The categorical questions were on EVs, yet there were also questions about Autonomous Drive, a tellurian SUV boom, Nissan’s expansion in China, and a new agreement between Renault and Nissan.

 


 

Q1: [In Chinese – about electric cars]

Carlos Ghosn: Well we suspect by new appetite automobile we meant electric cars, okay, so let’s pronounce about electric cars. About electric cars now we have an offer that is what we call a high spec offer, high spec offer. Nissan broach it with a Venucia indication and Renault will be introducing it with a Freelance Electric that will be introduced to a Chinese marketplace following joining done by Renault to broach electric cars. This is what we call high spec that means high cost with unequivocally good opening yet now these models are not offered unequivocally good in China. What are offered in China are revoke spec models, some-more affordable price, so we are both from Renault and Nissan continue to rise high spec indication by creation it revoke cost, some-more autonomy, some-more range, that’s one thing yet also we are operative unequivocally tough into introducing a low spec affordable electric cars and with this we are operative with a friends from Donfeng given we consider that in sequence to be a vast actor in a Chinese marketplace we need both offers – high spec, low spec, aloft price, revoke cost – given we trust that a support that a Chinese organisation is giving to electric cars is going to continue and it’s going to be stronger.

 


 

Q2: [In Japanese – about Mitsubishi]

Ghosn: Yes, initial as we pronounced Mitsubishi is during a same time a partner and a competitor. I’ve never done any comments on any automobile marketplace that is anticipating itself in this kind of conditions in a past, we need to honour any automobile makers temperament and any automobile makers devise and any automobile makers decisions or response to this kind of problem. We will wait until a finish phenomenon given we know there is an exploration holding place now both from Mitsubishi with a organisation of a Japanese government, we will wait until all a conclusions have been known. We are apparently endangered given as we pronounced we are shopping from Mitsubishi many of these cars, I’ll wait until all a contribution are on a list to make a preference as a business chairman yet we will do it as business people yet being endangered into anything else, anything else that is conflicting from a interests of Nissan.

 


 

Q3: [In Chinese – on Renault Nissan cooperation]

Ghosn: Well a co-operation between Renault and Nissan is unequivocally simple, we have common platforms, we are perplexing as many as probable to be some-more fit on investments, investments on technology, investments on gaining scale in record yet during a same time we are gripping a brands very, unequivocally separate, unequivocally separate. Why? Because we wish a dual brands to seductiveness to their normal customers. Nissan is a Japanese code competing generally conflicting Toyota, Honda, Hyundai, Kia etc, etc, Renault is a European code competing generally conflicting other European brands and we wish to continue to have this distinction. The Alliance exist for 16 years and for 16 years we have been co-operating together and for 16 years nobody can contend there has been any cannibalisation between a dual companies given we have been always clever to contend a co-operation to all that consumers do not caring about and, on a contrary, contend a finish separate on all that is critical for a consumer and we are going to continue to see this into a future. So some-more common platform, some-more common technological bricks, a totally conflicting organisation and totally conflicting clarification of a product in duty of a Nissan DNA from one side or a Renault DNA from a other.

 


 

Q4: [In Chinese – on preference of suppliers]

Ghosn: It is formidable to answer your doubt given initial we need to make certain that on these technologies, like unconstrained cars, connected cars, 0 or low glimmer cars, a pattern is to come as shortly as probable to a marketplace in a many fit way. So we don’t name suppliers by nationality, we don’t. We name a suppliers who can give us what we need. For instance on batteries we are operative with LG Chemical, we are shopping some batteries from LG Chemical, LG Chemical is a Korean company, it’s not Japanese, it’s not French, etc. Why are we operative with LG Chemical? Because we consider LG Chemical has a best performance. So we don’t wish we to consider that we name suppliers by citizenship, we name a retailer initial in duty of their ability to broach what we wish and their ability to partner with us. So apparently a ability to partner with we customarily means some kind of informative proximity. Two Japanese companies are going to be partnering some-more easy than a Japanese association and a non-Japanese company, dual European companies are going to be partnering some-more simply than a European association and a non-European association yet during a same time we have to have some kind of informative vicinity for a prolonged tenure attribute yet afterwards we demeanour also during a opening of any association and we make decisions. So from time to time we are going to name a Japanese company, from time to time we are going to name a French company, from time to time we are going to name a Korean association or from time to time we are going to name a Chinese company, okay. So decisions are done one by one yet what prevails is eventually a opening of a offer onto a market.

Now on unconstrained expostulate we are going to see each kind of configuration, we know a Germany association collides together to buy Here that is an associate of Nokia. Okay, fine, does it meant we’re going to join? We don’t know yet we are deliberation a offer from Here, we are deliberation a offer from Mobileye, we are deliberation other offers and we are going to continue to have as many as probable a choice. What is critical is not so many how gentle we feel with a supplier, it is how effective we consider a retailer is going to be into delivering this opening given we can tell we that on unconstrained drive, on connectivity and on electric cars, a foe is going to be unequivocally tough so we can't be restored or name people usually given you’re gentle with them or given they pronounce a same denunciation as you. You are going to have to name on function, their ability to broach a opening that we want.

 


 

Q5: [In Chinese – on EV platforms and intelligent vehicles]

Ghosn: Well initial we don’t consider we’re going to … Let’s start with a EV platform. High spec EV unequivocally substantially will be one height yet we don’t consider high spec EV and low spec EV are going to be common platforms so responding your question, no, there are going to be dual platforms, high spec and low spec, that’s for certain yet we still have to build one high spec EV and one low spec EV, that’s a intent. For a impulse we’re not there. Now for a initial doubt that was intelligent vehicles, a doubt was what? Ah yes, yes, yet we have to be unequivocally clever given with a expansion of intelligent vehicles we can know that there is a lot of traps on quality. So we have initial traps on peculiarity so we have to be unequivocally certain that with a brief cycle we don’t tumble into this trap series one and second, with a expansion of a intelligent automobile we have a lot of problems about cyber confidence appearing that we need to solve. So yes, we are going to have to pierce faster yet during a same time we wish to make certain that we’re not descending into any traps or in terms of peculiarity or in terms of confidence of a information and confidence of a users. So this is a difficult problem and if we tell me, do we need to pierce faster? Yes, we need to pierce faster yet during a same time we have to be unequivocally clever by relocating faster that we don’t concede anything about cyber confidence or anything about a peculiarity and a trustworthiness of a data.

 


 

Q6: [In Chinese – on marketplace share of electric cars]

Ghosn: First let me assure we that we don’t forget any one of a questions please, keep that in mind. The initial one is yes, we are disappointed. We are a upholder of electric cars, we are, we were a initial one in 2006 to go a electric automobile has a destiny in this courtesy and we were a usually one, a usually one, okay. Nissan and Renault took a lead on electric cars in 2006, we announced it, we told we what we were going to do and we are relocating with a electric car. At that impulse there is nobody entrance with electric car, now everybody is entrance with electric car, that’s fact. In Europe in 2015 Renault and Nissan had some-more than 50 percent marketplace share of electric share. Good, a European marketplace is flourishing and both Zoe and Leaf are leading, good, this is fair. In a United States we are relocating ahead, we are confronting some headwinds yet we are entrance with aloft operation cars given a operation is an issue, there is foe entrance from General Motors and from Tesla, good. In China we brought a automobile yet we are not offered it and we’re not offered it given we are being told that it is too costly and a operation is maybe not as vast as a consumer wants.

So what’s selling? We demeanour during what are a electric cars that are offered in China and a electric cars that are offered are 25 percent revoke POC cost than a Venucia and with a operation that is aloft than a Venucia. So we have to be unequivocally clear, we need to revoke a cost and boost a range. We know how to do that, it is going to take a small bit of time yet we know how to do it yet during a same time what is unequivocally elaborating are a inexpensive electric cars and this is where we have no offer and this is where we need to rise an offer. So we don’t wish we to have a sense that we have a automobile and it’s okay, we pronounced we are not offered it and it’s a problem.  No, we need to follow a market, not usually a marketplace follows us yet we need to follow a marketplace so a devise in China is going to be initial adjust a product to a marketplace needs yet during a same time come with other products that is unequivocally offered now in China. So we can't tell we we am happy with a sales of Venucia electric, I’m not yet during a same time that’s not sufficient, what is critical is what are a base causes, given are we not offered this car, what should we do in sequence to sell this automobile and what are a Chinese consumers shopping in terms of electric cars? we am assured that China will be a unequivocally vast electric automobile market, not hybrid, electric given a Chinese organisation has been unequivocally transparent in ancillary 0 emissions and putting a lot of incentives behind electric cars. So we have a unequivocally transparent vigilance from a Chinese organisation that they wish electric cars and they wish a expansion of electric cars so we are going to follow and we are going to contribute.

 


 

Q7: [In Chinese – on SUV and Chinese infrastructure]

Ghosn: Okay, these are dual questions that are totally legitimate. Let me take this event to ask a Head of Renault in China, M. Prevost, to tell we given Koleos is critical and given we are rising Koleos in China.

M. Prevost: Thank you. Koleos will be a second car, second SUV, during a finish of a year. As we know we usually launched Kajar, a CSUV and Koleos will be a second one, a DSUV and it is suggestive for all teams in China to have a universe far-reaching exhibit by a Chairman now display a significance of a Chinese marketplace for Renault Group.

Ghosn: Okay Seki San maybe on Chinese infrastructure.

Seki San: Thank we unequivocally much. At initial infrastructure was delayed yet it has softened dramatically. China compared with other mature markets, so many people are vital in apartments or mansions so not so many dedicated automobile space, that is a worry yet indeed 60-70% of a business have a charging symbol in their mansions or apartments, this is many aloft than a expectations so they are securing their charging by themselves and duration organisation is unequivocally critical to refurbish discerning horse as good so this is improving so we are not so many worrying about infrastructure expansion in China.  Towards 2020 it will be locate adult with Japan we think.

 


 

Q8: [In Chinese – on rising new cars]

Ghosn: First apparently we have many products entrance yet we we’re not prepared to pronounce about them given what we wish now is to sell a products we have. If we start articulate about a products entrance in a destiny somehow it always handicaps a sales of today. Tesla has not this problem given they launched Tesla Model 3 that is a totally new automobile so even yet they announce it now and it will be offered one year and a half down a road, it is not replacing any existent product so there is no impact on that, okay. We have to be some-more clever given now we are offered electric cars and even yet we wish to continue to foster these cars we don’t wish we to consider these are a usually cars we are going to be rising on a market. There is going to be a lot of creation entrance from Nissan and Renault and we are intending to contest conflicting all a other automobile makers on electric cars. So we don’t wish we to consider that what we are observant now is all we are going to see from us, we are examination competition, we are measuring what they will be entrance with and we will be some-more than happy to uncover we a capability in terms of electric cars entrance from both Nissan and Renault.

 


 

Q9: [In Chinese – on unconstrained cars]

Ghosn: we don’t consider Nissan has a goal to move a initial unconstrained automobile in China yet we can tell we that it will come unequivocally shortly given apparently immediately when a record will be accessible China being a unequivocally vast marketplace for Nissan, we are intending to move this record as shortly as possible. We have a devise and we have already summarized a conflicting stairs to broach unconstrained drive. We are going to have cars entrance in 2017, 2018, 2019 with conflicting bricks of unconstrained drive, finale adult in 2020 that is what we call a genuine unconstrained expostulate that is what we call a city drive. So we are going to start with one line highway, multi line highway and afterwards city driving. So it is going to be a on-going record and China is apparently tip of a mind to broach this technology. Now we can't dedicate to we that a initial cars in each step are going to be launched in China, we are going to be unequivocally useful and rising a initial poignant cars can be in Japan, it can be in Europe, it can be in a United States and China also will be a vital marketplace for us to broach this technology.

 


 

Q10: Hello, Hans Dremel from Automotive News. I’d like we to pronounce a small bit about a separate celebrity that we see in a China marketplace here. That being during a uncover here we saw a lot of automobile makers pronounce about dual things, SUVs and NEVs and they are roughly during a conflicting extremes of a market, kind of cancelling out a intentions of a other. Which of these dual ways will win? The NEVs are being spurred by these organisation incentives, a SUVs are being spurred by tangible marketplace direct for people who wish it, that of these is a safer gamble prolonged term?

Ghosn: Well initial we can have SUVs, that are EVs during a same time, usually observant yet we are not there, we’re not there. SUV is a marketplace driven sales, we are observant a swell of SUVs and crossovers in China, we’re observant it in a United States, in Europe, everywhere crossovers and SUVs are contributing to a expansion of a industry, okay. In a opinion this is a trend that is going to continue, utterly given a offer on crossover and SUV is apropos some-more and some-more rival and some-more and some-more diversified that is going to kindle this trend, so this is a marketplace driven trend and automobile makers are going to continue to feed into this trend. That’s series one.

EVs for a impulse are generally upheld by governments. Why are they upheld by governments? Because a consumer is not prepared to burst into EV as prolonged as he sees a cost is during best equivalent, he doesn’t see infrastructure so many of a consumers contend okay, we like a EV, it’s unequivocally engaging yet where am we going to assign a automobile and how prolonged is it going to take to assign a car? Third, he is watchful for some kind of inducement entrance from a organisation in sequence to burst in and inducement is not usually about money, it is also about infrastructure. So yet any doubt, EVs expansion are going to be driven by regulation, yet any doubt. But hey, let me remind we of another marketplace that was driven by law and by inducement – it was diesels in Europe. How come that Europe has some-more than 50 percent of a marketplace in diesel when a United States has 0 percent or Japan has 0 percent? They are a same automobile makers by a way, they are a same automobile makers in a United States, in Europe and in Japan, same technology, same automobile maker, 50 percent of a European automobile marketplace is diesel, 0 percent many of Japan and 0 percent of a United States. Same automobile maker, what’s a difference? Regulation, incentives, eagerness of a organisation to import on one sole record to a wreckage of a other and we can tell we that on EVs organisation are going to have a lot of change on a expansion of a EVs.

So what we wish to contend is yes, you’re right, SUV is generally marketplace driven, consumer driven. EVs are going to be heavily upheld by organisation during a commencement yet wait a second, when costs are going to go down, batteries are apropos some-more fit and infrastructure is going to be stronger, we are going to see a swell of EV. Where is this surge? Well we’ve seen it in a orders, a outrageous orders that Tesla has been having. It looks like when we cranky a 300 kilometres operation and we go next $35,000 cost and we have a neat design, we start to be intensely engaging for a consumer yet it has to have from a commencement clever support from a government.

Hans Dremel: And will that organisation support continue amidst a regard about funding abuse, generally by a internal EV makers here?

Ghosn: we consider honestly … we consider privately yes, a support will continue given now a categorical engrossment is about emissions and a categorical engrossment is about CO2 and a categorical engrossment is about tellurian warming and if we wish a radical resolution to that we are going to have to support 0 emissions.

 


 

Q11: Hi Craig Shugel with Bloomberg News. You have an annual shareholders open entrance adult after this month during Renault.

Ghosn: On Friday.

Craig Shugel: Yes, it’s been a year given there was poignant expansion in a Alliance involving a French state in some changes late final year to assistance solve that issue, could we yield us with an refurbish as to how those 3 parties are confident with a understanding that was reached late final year and given us an thought as to either we should have any expectancy that things have been resolved?

Ghosn: You wish to know either we should come to a shareholder open or not?

Craig Shugel: Am we invited?

Ghosn: Don’t come, it’s going to be boring! It’s going to be boring, why? Because we reached a fortitude agreement in Dec as we know between all a parties and given we reached a fortitude agreement we didn’t hear anything that means that all a parties during a finish of a day found a common denominator that satisfies all a parties. So if we are looking for a ubiquitous shareholder open to attend given we have some scoop, we don’t consider we are going to be confident with a Renault one.

 


 

Q12: [In Chinese – Nissan opening in China]

Ghosn: We have with us a Head of a Chinese Operations, Seki San, who will be means to explain to we Nissan opening in China.

Seki San: Thank we for your questions. First, we are still forward of Toyota and Hyundai as a competitor, we are series one code in China. We sole 1.25 million final year and a biggest funding underneath DFL is DFLPB, they sole 1.02 million. Both are top record ever yet we are right, compared with sum commission of a competitors we are a small bit shy. Primary reason one, we have LCVs that is not growing, that is now a encumber yet LCV marketplace will be stabilised shortly so that needs to come following in yet during this impulse it’s right. Second, stream volume sum is generally entrance from new cars and afterwards final year we introduced new automobile yet it was late. From now on substantially we will support a expansion unequivocally fast so greatfully demeanour during and watch us and we will grow, locate up.

 


 

Q13: Nori from Reuters. Follow adult questions on a EV marketplace here, one, do we feel a small bit irreproachable by this whole China push, a expansion that’s function here? There is a lot of direct for EV it seems like and this is going to … You pronounced that we are going to focus, start building low spec affordable EVs yet during a same cars like Leaf and we theory we call it Venucia over here, that’s going to also substantially be propped adult by this demand. we usually wish to know how we see sales, can we pronounce about a marketplace here? Last year we consider was like 300,000 units, what do we see function here and when is this low spec EV coming?

Ghosn: As a business chairman we can't be confident or irreproachable given people are following a concept, we need sales and distinction to make certain that a judgment is right. For a impulse in China we have conjunction sales nor distinction on electric cars that still have a vast inquire symbol about what we’re doing, okay. Now when we demeanour during a 300,000 cars, EVs sole in China, some of them are profitable, others are not. Most of them are sole to swift or administration, not so many to private consumers or to people so we have to be intensely clever about who is shopping these cars, what is a mercantile change of this, before we settle a strategy. Today a Venucia is not offered and it’s not offered given it’s not a good electric car, it’s given it’s too expensive, it’s clear, a transparent signal. So we need to work on this, that’s series one. We have this technology, it’s benefaction in China, we need to revoke a costs, we’re operative on it yet during a same time we know there is another direct popping adult that is a unequivocally inexpensive EV yet low spec, that is a totally conflicting car. So we need also to contest in this shred which, by a way, low spec EV is not usually a speciality of a Chinese market, we consider that there is a marketplace for this low spec EV globally and utterly in rising markets. We consider that a low spec EV grown in China can seductiveness India, can seductiveness many other building markets. That’s given we are profitable courtesy to this, this is not something specific to China, this is something that can turn partial of a tellurian demand. So yes, we are irreproachable in a tenure that we have seen EV and EV is entrance yet during a same time we are a small bit undone given for a impulse we are not observant a lapse on this, utterly in a Chinese market, given we’re not offered too many units.

 


 

Q14: [In Japanese – about Mitsubishi]

Ghosn: So what did we do when we schooled about this? Obviously we called to my arch operative and asked him, what’s going on? That’s my greeting and he explained to me what was going on etc, etc, that’s it. Second, does it erode a credit of a Nissan brand? we don’t consider so, we consider initial we need to know what went and we already talked to a business shopping a K automobile done by Mitsubishi underneath a Nissan code to tell them whatever preference will be made, we will mount by a customers, that is what they are awaiting of us, to contend that we mount by a patron given this is a Nissan code on a product and whatever preference will be made, we will make certain that a patron is happy.

 


 

Q15: Hello, we am Donny Fuentes from Barcelona, Periodico from Barcelona. we wish to know your opinion about a greeting in Europe and USA and Japan about a glimmer controls and do we consider some governments are overreacting now?

Ghosn: That’s an engaging approach to put a question! we consider now there is a reduction of many conflicting kinds of problems. There is one intensely critical problem and one intensely critical doubt is does a automobile manufacturer cheat? Okay, that’s a many critical one, are we cheating. Whatever I’m endangered about Renault or about Nissan, it has been unequivocally transparent that we have positively no device display that we have in any way, during any turn cheated. That for me is a many critical element, given that is where a trust of a open is, that’s indicate series one.

Then after this we have what we call a genuine pushing opening in terms of emissions where there is a difficulty in a open between okay, this automobile is homologated, it is homologated in a box of diesel with a certain turn of NOX emission. How come that if we exam a automobile in conflicting conditions we can have 3 times, 5 times, 10 times, twenty times some-more NOX than during homologation? That’s a categorical doubt and a categorical doubt is now as we know positively no law on this and we acquire – and we pronounced it many times – we acquire that there should be law on circle pushing emissions and as we know, a European Commission has motionless on a new law on circle pushing emissions on Euro Six, starting in 2018.

So it’s entrance given it’s not adult to automobile makers to contend what is excusable and what is not acceptable. It’s adult to a regulator to contend this is excusable and this is not excusable and afterwards after this we consider a manners will be clearer. So now there is a small bit of difficulty between conflicting problems given people are putting what happened with [inaudible 40.35], what’s function with Mitsubishi, in a same bag. But no, there are conflicting kinds of problems with conflicting kinds of issues and we as automobile makers need to make certain there is no difficulty in a mind of a consumer, even yet it’s tough given these are difficult issues, in sequence to contend a trust that is required between us and a consumer. Now we have somebody with me who has been operative day and night on this issue, that is Gaspar Gascon who is a Head of Engineering of Renault who has followed from a beginning.

Gaspar Gascon: Thank we unequivocally much. As we substantially know, due to this supposed diesel liaison that happened in Sep of 2015, a categorical European  governments motionless their possess initiatives to perform some kind of exam with usually one goal is to know if there is someone else that was intrigue and these tests has now been performed, many of them, and we consider we are wakeful that dual weeks ago a French organisation expelled a formula of a exam in a kind of singular news and final week on Thursday and Friday it was a UK authorities and a German authorities. In a 3 reports it mentioned unequivocally clearly, as Mr. Ghosn says, that no one else was cheating, usually a one that we know. The second subject of march that this news shows is that all a cars, when we try to exam them in supposed make-believe of genuine pushing conditions, evacuate some-more than a value than in their evaluation. That is not a surprise, honestly speaking, it was not a warn for anybody so according to that of course, all a governments as we see, they are overreacting and substantially they are perplexing to contend automobile makers have to do something for that. We contend let’s change a regulations and we are happy to do that and to be closer to a existence than in a tests that are ageing, thirty years old. So we are happy with that.

As we know as good we have announced, given we are utterly obliged on that, we have announced that maybe there are some intensity contra-emissions that we can exercise utterly fast in sequence to lessen in some approach a genuine emissions, a glimmer of NOX in genuine conditions and this is what we have announced in Apr 5. And in parallel, as we know as well, we are building a new era of diesel engines that are dictated to evacuate a destiny regulations that we wish unequivocally shortly will be entirely functioning, it is not a box right now.

We are out of time. We are going to have to tighten now. Thank we unequivocally many Mr. Ghosn and appreciate we everybody for participating.


Nissan during Auto China 2016: Full Press Conference

 

More from Auto China 2016:

Venucia debuts T90 during Auto China 2016

Nissan serve strengthens a indication choice for immature Chinese consumers during Auto China 2016

Remarks from Daniele Schillaci during Auto China 2016

Daring Infiniti QX Sport Inspiration judgment denounced in Beijing

 

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