BRIEF-Nissan COO Gupta: Have To Speed And Redefine The Way We Design, Manufacture And Sell Cars In China

May 11 (Reuters) - Nissan Motor Co Ltd 7201.T:

• NISSAN COO GUPTA: HAVE TO SPEED AND REDEFINE THE WAY WE DESIGN, MANUFACTURE AND SELL CARS IN CHINA

• NISSAN COO GUPTA: WE THOUGHT ELECTRIFICATION IN CHINA IS DRIVEN BY INCENTIVES AND SO ON BUT WE NOW UNDERSTAND THAT CUSTOMERS ARE ALSO PULLING ELECTRIFIED VEHICLES

• NISSAN COO GUPTA: : LEAF WAS EXCLUDED FROM IRA IN THE U.S. BECAUSE IRA WAS RECENTLY ANNOUNCED AND WE STARTED MANUFACTURING LEAF IN 2010

• NISSAN COO GUPTA: WHEN WE DESIGNED AND DEVELOPED LEAF, WE NEVER HAD IRA REGULATIONS IN MIND

• NISSAN COO GUPTA: WE ARE TARGETING THE FOUR BATTERY ELECTRIC MODELS WHICH WE ARE GOING TO MAKE IN THE U.S. TO QUALIFY FOR IRA

• NISSAN COO GUPTA: WILL ADDRESS PLATFORM, E-POWER TRAIN AND BATTERY LOCALIZATION OF THESE MODELS TO QUALIFY FOR IRA

Source text for Eikon: [ID:]

Further company coverage: 7201.T

(Reporting by Satoshi Sugiyama)

((Satoshi.Sugiyama@thomsonreuters.com;))