Nissan Motor focuses on vehicle manufacturing

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Nissan Motor plans to stop developing new internal combustion engines in all of its major markets except the United States, and focus on making electric vehicles, the Nikkei daily reported on Monday.

The carmaker will continue to develop limited gasoline engines for its US market, mainly for vans, according to Nikkei, which did not cite any sources.

Nissan did not immediately respond to a request for comment from Reuters.

The Japanese company plans to build new battery recycling plants in the United States and Europe by the end of fiscal year 2025, Nikkei reported in December.

Automakers around the world, including General Motors and Ford Motor, have been involved in a series of efforts to make the transition to electric vehicles.