The Nissan Ariya electric vehicle is on display at the 2020 Beijing International Auto Show (Auto China 2020) at the China International Exhibition Center in Beijing, China, on September 27, 2020.
VCG | Visual China Group | Getty Images
Nissan The Japanese automaker announced on Monday that it aims to increase sales of 1 million vehicles over the next three years and reduce the cost of producing electric vehicles by 30% by 2030.
In the new mid-term business plan, Nissan also stated that it will launch 30 new models before fiscal 2026, 16 of which will be electric models. It aims to bring the cost of electric vehicles and internal combustion engines to parity by 2030.
“This plan will enable us to go further and faster in improving value and competitiveness,” Nissan President and CEO Makoto Uchida said in a statement.
“In the face of extreme market volatility, Nissan is taking decisive action guided by the new plan to ensure sustainable growth and profitability.”
The automaker also said it aims to achieve operating margins above 6% by the end of fiscal 2026 and achieve “long-term profitable growth.”
Under the two-part plan called “The Arc,” Nissan said it will focus on ensuring sales growth through “tailored regional strategies” and increasing key markets by balancing its product mix between electric vehicles and fuel vehicles. sales and accelerate the transition to electric vehicles. Financial discipline.
This will be supported by “smart partnerships, enhanced EV competitiveness, differentiated innovation and new revenue streams.”
Nissan said the strategy could bring in potential revenue of 2.5 trillion yen ($16 billion) from new business opportunities by fiscal 2030.
This is a breaking news story and will be updated soon.
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