TECH - Nissan's Expeditious Response To The Much Sooner Than Expected Developments Of The EV Evolution | Benzinga
While EV leaders Tesla Inc (NASDAQ: TSLA) and BYD Company Limited (OTC: BYDDY), along with legacy automakers Ford Motor (NYSE: F), General Motors (NYSE: GM), and Volkswagen AG (OTC: VWAGY) brace for cooling EV demand by scaling back or delaying plans, Nissan Motor Co Ltd (OTC: NSANY) entered a new week by announcing the launch of 30 new models over the next three years, with 16 of them being electrified. The update to its medium-term business plan came as a response to addressing extreme market volatility, with the development of the EV industry and particularly the price pressures, coming in much sooner than expected.
Nissan President and CEO Makoto Uchida stated that Nissan is now targeting to sell an additional 1 million vehicles by the end of fiscal year 2026, while also aiming for an operating profit margin of more than 6% and total shareholder returns of more than 30% during the same timeframe which is the ...