Nissan (NSANY) to Launch 30 New Models Under The Arc Plan [Yahoo! Finance]
NISSAN MOTOR LTD S/ADR (NSANY)
US:NASDAQ Investor Relations:
nissan-global.com/en/ir
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Source: Yahoo! Finance
Among these, 16 will be electrified and 14 will be internal combustion engine models. Compared with 2023, the automaker targets to sell an additional one million units and reduce 30% of electric vehicle (EV) production cost by the end of 2026. Per Makoto Uchida, president and CEO of Nissan, the plan will ensure sustainable growth and profitability amid extreme market volatility. The company is also targeting an operating profit margin of more than 6% by the end of fiscal 2026. Lower-than-expected EV demand has pushed major automakers like Ford, General Motors, Mercedes and Volkswagen to scale back or defer their respective EV plans. Even EV giant Tesla is expecting lower growth rate. The automakers are also facing extreme competition from their China-based counterparts, who are exerting downward pressure on EV prices. To tackle this challenge, Nissan aims to create a series of EVs grouped into families, streamline powertrain integration and prioritize advancements in batte
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