Nissan Drops After Setting New Mid-Term Targets for EVs, Sales [Financial Post (Toronto, Ontario, Canada)]
NISSAN MOTOR LTD S/ADR (NSANY)
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Source: Financial Post
vehicle sales within three years, a target that one analyst described as “aggressive.” Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Nissan Motor Co. shares fell the most in six weeks after the Japanese automaker detailed a new mid-term plan that calls for 1 million additional vehicle sales within three years, a target that one analyst described as “aggressive.” The Japanese carmaker will add 30 new models, 16 of which will be electrified, by March 2027, Makoto Uchida, Nissan's chief executive officer, said at a news conference Monday. Nissan is also seeking to reduce the cost of next-generation EVs by 30%. The stock fell as much as 6% in morning trading in Tokyo, its biggest intraday decline since Feb. 9. Article content Article content The new sales target effectively seeks to regain lost ground over the past few years. Nissan is targeting 3.55 million unit sales for the current fiscal y
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