Nissan said recently that it plans to sell one million more cars over the next three years and cut the cost of producing electric vehicles by thirty percent by 2030.
Nissan also said in a new medium-term business plan that it would introduce 30 new models by the 2026 fiscal year, 16 of which would be electrified. By 2030, it wants the costs of combustion engines and electric vehicles to be equal.
Nissan President and CEO Makoto Uchida stated in a statement, “This plan will enable us to go further and faster in driving value and competitiveness.”
“In order to maintain sustainable growth and profitability in the face of significant market volatility, Nissan is taking immediate action, driven by the new plan.”
The carmaker added that it hopes to achieve both “long-term profitable growth” and an operational profit margin of greater than 6% by the end of the 2026 fiscal year.
Nissan’s Strategy: The Arc
Nissan claimed that as part of the two-part plan known as The Arc, it will work to balance its portfolio between EV and combustion cars, boost volumes in key regions, maintain financial discipline, and ensure volume growth through a “tailored regional strategy.”
“Smart partnerships, enhanced EV competitiveness, differentiated innovations, and new revenue streams” can help with this.
By fiscal 2030, Nissan estimated that new business prospects might generate revenues of 2.5 trillion yen, or $16 billion, through the use of this technique.
