Nissan Motor Co (TYO:7201) is betting on its latest "e-Power" technology for a turnaround, Asahi Shimbun reported Monday, citing the group's chief technology officer Eiichi Akashi.
The technology, equipped with both an electric motor and gasoline engine, differs from traditional hybrids like the Toyota Prius by consistently running on its EV battery, said the local news daily.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)