Nissan promises aggressive electrification push to cut costs, boost global sales

Mar25,2024



Tokyo: Nissan will expand it electric vehicle lineup, develop more powerful batteries and bite Production cost, while in Japanese the whole process speeds up vehicle manufacturerHead of the Higher Path called “The Arc” sales By 2030.
“The auto industry is now being forced to reshape its values, so we can say that continuous change is the new trend,” Chief Executive Makoto Uchida told reporters Monday, outlining a vast but ambitious business plan. have in common.”
“Nissan has to change. We can't succeed if we continue on the same path.”
electricity costs will reduce model So they will be almost identical to gasoline-engine models by fiscal 2030, he said, while global sales will increase by one million vehicles during that period.
Last year, Nissan Motor Co. sold nearly 3.4 million vehicles worldwide, up nearly 5% from the previous year.
The company is planning 30 new models over the next three years, of which 16 will be EVs. Nissan plans to launch 34 E.V Model from fiscal 2024 to fiscal 2030, so that EVs account for 40% of global offering by fiscal 2026 and 60% by the end of the decade.
to slash Cost, Nissan says it will start working with suppliers from the development stage, upgrade production methods to include robotics and artificial intelligence, and have models sharing components – not just platforms but parts as well. It also promised innovation in autonomous vehicles to make driving safer.
Nissan, based in the port city of Yokohama, southwest of Tokyo, will take advantage of its partnerships around the world, including an alliance with smaller Japanese maker Mitsubishi Motors Corp, Dongfeng Nissan in China and with French automaker Renault.
Earlier this month, Nissan announced it was in talks to form a partnership with Japanese rival Honda Motor Co. in electrification and artificial intelligence.
Analysts say such alliances between rivals are relatively uncommon, but necessary to take into account growing demand for more sustainable transportation as concerns grow over carbon emissions and sustainability.
Nissan, Japan's No. 2 automaker, was an early EV adopter, arriving with the Leaf EV in the late 2010s. In recent years, Japanese automakers have lagged behind US Tesla and Chinese manufacturers like BYD.
Automakers including Nissan have faced shortages of computer chips and other parts due to pandemic-related disruptions.
Uchida said Nissan's new EV, plug-in and hybrid offerings will expand across all global markets, including the US, Europe, Japan, the rest of Asia, Australia and Africa.
Referring to Nissan's goals, he said, “The Arc plan shows our path to the future. It reflects our continued progress and ability to navigate changing market conditions. This plan will take us further and faster in value and competitiveness.” Will enable us to grow.”
Nissan's share price, which had surged earlier this month after announcing talks with Honda, fell 2% shortly before Uchida's news conference.



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