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2/9, 5:20 PM (Source: TeleTrader)
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Nissan's CEO: Company to focus on EV production

The CEO of Japanese auto manufacturer Nissan, Makoto Uchida, confirmed on Tuesday that the company will focus its business strategy on electric vehicle production.

Uchida told CNBC that the main problem nowadays is the shortage of semiconductors that is affecting the automotive industry. He also stated that there is a shortage of other hardware that is impacting domestic and overseas production.

"We are working with our suppliers to minimize this impact and we are closely monitoring the situation and adjusting our production. We recognize the uncertainties will continue," Uchida noted.

Breaking the News / TF