Nissan promises aggressive electrification push to cut costs, boost global sales [Globe and Mail, The (Toronto, Canada)]
NISSAN MOTOR LTD S/ADR (NSANY)
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Source: Globe and Mail, The
speeding up the whole process, in what the Japanese automaker's chief called “The Arc” pathway to higher sales by 2030. “The auto industry is now being forced to reshape its values so we can say continuous change is the new normal,” Chief Executive Makoto Uchida told reporters Monday, in outlining a sprawling but ambitious business plan. “Nissan must change. We cannot succeed if we continue along the same path.” Costs will come down for electric models so they'll be about the same as gasoline-engine models by fiscal 2030, while global sales will grow by a million vehicles during that period, he added. Last year, Nissan Motor Co. sold nearly 3.4 million vehicles around the world, up about 5 per cent from the previous year. The company is planning 30 new models over the next three years, 16 of them EVs. Nissan plans to launch 34 EV models from fiscal 2024 through fiscal 2030, so that EVs will account for 40 per cent of its global offerings by fiscal 2026, and 60 per cent by th
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