Back to the complete issue
Monday, 29 November 2021

Nissan pours more into EVs + Domestic violence is costing the economy bns

Domestic violence could be costing EU economies bns, with the European Institute for Gender Equality estimating that European economies are losing out on EUR 366 bn every year due to the negative psychological and physical effects of domestic violence on victims, Bloomberg reports. Victims of domestic violence, predominantly women, suffer from reduced productivity, are forced to miss work, or find it difficult to take on a job altogether with trauma and toxic work environments coming into play. Some companies have tried to mitigate the effects of domestic violence — with Vodafone and Facebook for example offering paid leave to victims — but more needs to be done to ensure an understanding work environment for women if companies and governments want to hit their gender equality employment goals.

Nissan will invest USD 18 bn in EVs as part of its Nissan Ambition 2030 strategy, in efforts by the company to stay competitive in an automotive market that is increasingly going electric, the Financial Times reported. Nissan’s strategy includes having EVs account for 75% of European sales by FY2026 and 40% of its US sales by 2030, as well as converting its Sunderland operations in the UK into an EV production hub. The company will introduce 15 fully electrified models and 8 hybrid / e-power models by 2030, and aims to offer its all-solid-state battery (ASSB) technology to the mass market by 2029. In spite of its EV ambitions, the Japanese automaker has yet to announce that it will halt production of fossil fuel vehicles, and was not one of the signatories to the declaration to end production of fossil fuel vehicles by 2040 at COP26 earlier this month.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.