In an effort to catch up in a market dominated by more recent automakers like Tesla Inc., Nissan Motor raised its electric vehicle sales targets announced it would increase powertrain production in the United States.
With its Leaf all-battery EV, the Japanese automaker set the standard for electric vehicles (EVs), but it has since struggled alongside many other legacy automakers due to growing competition from more agile newcomers.
Nissan has raised its target for electrified vehicles from 50% to 55% of total global sales by the end of the current fiscal year, which includes its advanced hybrid e-power vehicles.
The automaker plans 27 new electrified vehicles by that year, 19 of which will be all-battery EVs, it said in a statement. That compared with its previous plan of 23 electrified vehicles including 15 all-battery EVs.
In addition to EV production at its Smyrna, Tennessee plant, Nissan plans to build electric power trains at its Decherd plant in the same state to help it meet requirements for the Inflation Reduction Act, Chief Operating Officer Ashwani Gupta also said.
