Nissan is targeting an additional 1 million vehicle sales over the next three years and a 30% reduction in electric vehicle production costs by 2030, the Japanese carmaker announced Monday.
In a new medium-term business plan, Nissan also said it would launch 30 new models by fiscal 2026, with 16 of these electrified. It’s aiming for EV and combustion engine costs to reach parity by 2030.
“This plan will enable us to go further and faster in driving value and competitiveness,” Nissan President and CEO Makoto Uchida said in a statement.
“Faced with extreme market volatility, Nissan is taking decisive actions guided by the new plan to ensure sustainable growth and profitability.”
The automaker also said it is targeting an operating profit margin of more than 6% by the end of fiscal 2026, as well as “long-term profitable growth.”
To address this, Nissan plans to develop EVs in “families,” integrate powertrains and focus on battery innovations as it looks to cut the cost of its next-generation fleet by 30% when compared with the current model Ariya crossover.
“In order to do that, we have to have a great partnership with our suppliers to work on from the app stream earlier with the scale that we have to provide,” Uchida told CNBC’s “Squawk Box Europe.”
“Otherwise, I think the next five years, there’s a lot of uncertainty that we are facing. The scalability will be most important, and how are we going to make that as a Nissan collaboration with a partnership is going to be one of the key items.”
Under the two-part plan dubbed The Arc, Nissan said it will aim to ensure volume growth through a “tailored regional strategy,” and prepare for an accelerated EV transition by balancing its portfolio between EV and combustion cars, growing volumes in major markets, and financial discipline.
This will be supported by “smart partnerships, enhanced EV competitiveness, differentiated innovations and new revenue streams.”
Nissan said this strategy could yield potential revenues of 2.5 trillion yen ($16 billion) from new business opportunities by fiscal 2030.
Nissan has announced a new medium-term business plan that targets an additional 1 million vehicle sales over the next three years and a 30% reduction in electric vehicle production costs by 2030. The company plans to launch 30 new models by fiscal 2026, with 16 of them being electrified. Nissan aims to achieve cost parity between electric vehicles and combustion engine cars by 2030 and increase its operating profit margin to more than 6% by the end of fiscal 2026. The plan, named The Arc, focuses on developing EVs in “families,” integrating powertrains, and collaborating with suppliers to address market uncertainty and scalability challenges. Nissan expects the strategy to generate potential revenues of 2.5 trillion yen ($16 billion) from new business opportunities by fiscal 2030.
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