Global Courant
A Nissan Ariya electric car is on display during the Beijing International Automotive Exhibition (Auto China 2020) at the China International Exhibition Center on September 27, 2020 in Beijing, China.
Vcg | Visual China Group | Getty Images
Nissan is targeting additional sales of 1 million vehicles by the end of fiscal year 2026 and a 30% reduction in electric vehicle production costs by 2030, the Japanese automaker announced Monday.
In a new mid-term business plan, Nissan also said it would launch 30 new models by fiscal year 2026, 16 of which would be electrified. The goal is for the costs of electric vehicles and combustion engines to be the same by 2030.
“This plan will enable us to go further and faster in driving value and competitiveness,” Nissan President and CEO Makoto Uchida said in a statement.
“Faced with extreme market volatility, Nissan is taking decisive actions guided by the new plan to ensure sustainable growth and profitability.”
The automaker also said it targets an operating profit margin of more than 6% by the end of fiscal 2026.
This is a current news item and will be updated soon.
