Nissan Motor Co. Ltd. disclosed on Monday its plan to introduce 30 new vehicle models, with 16 of them being electrified, as part of its strategy to see an additional 1 million car sales by the end of fiscal 2026.
"This plan will enable us to go further and faster in driving value and competitiveness. Faced with extreme market volatility, Nissan is taking decisive actions guided by the new plan to ensure sustainable growth and profitability," Chief Executive Officer Makoto Uchida said.
Under the two-part plan, the Japanese carmaker aims to increase its operating profit margin to more than 6% over the next three years. Simultaneously, it seeks to reduce the production costs of next-generation electric vehicles by 30%. The company forecasted its revenue to reach 2.5 trillion yen (~$16.5 billion) by fiscal year 2030 "stemming from new business opportunities."
