Nissan to launch 30 new models by 2027, reduce cost of EVs

Nissan aims to improve profitability over the medium term through its newly announced plans.

The automaker announced a business plan on Monday dubbed “The Arc,” which calls for “a broad product offensive, a push toward electrification, new approaches to engineering and manufacturing, the introduction of new technologies, and strategic partnerships. We are focusing on the utilization of Increase global sales and improve profitability. ”

Under this plan, Nissan said 30 new models will be introduced to the market over the next three years. These new products will consist of 16 EVs and his 14 internal combustion engine (ICE) vehicles.

The Nissan logo seen on a Nissan car parked in Krakow on April 17, 2023. (Artur Widak/NurPhoto via Getty Images / Getty Images)

The initiative will help automakers increase global sales by 1 million units from 2023 levels by the start of 2027. Rising car sales in key markets and practicing “financial discipline” will also play a role, he said. To Nissan.

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Nissan aims to bring the cost of EVs to parity with ICEs by 2030 through strategies such as developing EVs in “families” and incorporating various manufacturing and technological innovations.

nissan logo

The Nissan logo will appear on your smartphone screen. (Rafael Enrique/SOPA Images/LightRocket via Getty Images/Getty Images)

According to Nissan, as part of its new business plan, the company plans to update 60% of its ICE models by fiscal 2026.

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Nissan has plans to leverage existing relationships, such as those with Renault and Mitsubishi. We also plan to explore other possibilities for cooperation in Japan and the United States.

CEO Makoto Uchida said the company is “confident we have what it takes to successfully execute this plan and that it provides the solid foundation needed to bridge Nissan’s Ambition 2030 vision.” will be provided.”

nissan dealership

A Nissan car outside a Nissan dealership in South Edmonton on September 14, 2023. (Artur Widak/NurPhoto via Getty Images / Getty Images)

The company said its “Nissan Ambition 2030” initiative will be key to achieving “carbon neutrality across the entire lifecycle of the company’s operations and products” by mid-2010.