Nissan has new plans

Nissan Motor Co., Ltd. today unveiled plans to launch growing numbers of electrified vehicles, expand and evolve autonomous driving systems, and accelerate vehicle connectivity as part of its Nissan M.O.V.E. to 2022 midterm plan.

Among the targets, Nissan is aiming to sell 1 million electrified vehicles – either pure electric models or those with e-POWER powertrains – annually by fiscal year 2022.

As part of Nissan M.O.V.E. to 2022, the company also intends to: develop eight new pure electric vehicles, building on the success of the new Nissan LEAF, launch an electric car offensive in China under different brands, introduce an electric “kei” mini-vehicle in Japan, offer a global crossover electric vehicle, inspired by the Nissan IMx Concept, electrify new INFINITI models from fiscal year 2021 and much more.

Philippe Klein, Nissan’s chief planning officer, said, ‘Our product and technology strategy is dedicated to positioning Nissan to lead the automotive, technology and business evolution. Our efforts are focused on delivering Nissan Intelligent Mobility, encompassing the three core elements of electrification, autonomous drive, connectivity and new mobility services.’

Speaking at a media briefing alongside senior vice presidents Takao Asami and Ogi Redzic, who lead the respective autonomous driving and connectivity projects at the Alliance, Philippe reaffirmed that the midterm plan aims to boost annualized revenue by 30% to 16.5 trillion yen by the end of fiscal year 2022. The company is also targeting an 8% core operating profit margin and cumulative free cash flow of 2.5 trillion yen.