The Yomiuri Shimbun reports that sources confirmed on Friday that Nissan will have an independently developed Nissan hybrid in the 2010 model line-up . Nissan has already said that their new compact hybrid models will be powered by lithium-ion batteries, as linked in TreeHugger. The Li-ion technology has more capacity and can be recharged more quickly than nickel-hydrogen. Nissan uses Li-ion technology already in its light-truck models. It also released the limited edition hybrid Tino (pictured above) to 100 lucky customers in Japan. So it can be deduced that this announcement represents a turn-around in the hesitant midset of executives at Nissan, which has had notoriously cold feet about entering the hybrid market--due to the low margins and small market share. The Yomiuri Shimbun's sources suggest that Nissan executives have decided the a further wait to see which technology will dominate the market will lose Nissan market share in the fast emerging technology. It is anticipated that Toyota will agree to allowing Nissan to continue to produce the Nissan Altima Hybrid under license, hoping to benefit from distributing their know-how by promoting the faster growth of the hybrid market. Nissan in considering using the Toyota technology only on the Altima models sold in the U.S. Nissan's independent entry is certain to further heat up the competition.
Via ::Hugg, thanks Linton.