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Nissan looks to address 'extreme market volatility' with 30 new models, EV cost cuts

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Nissan is targeting an additional 1 million unit sales in the next three years and a 30% reduction in electric vehicle production costs by 2030.

Nissan CEO Uchida told CNBC on Monday that the development of the EV sector — and particularly the price pressures — had come "much, much earlier than we thought."

In a new medium-term business plan, Nissan also said it would launch 30 new models by fiscal year 2026, with 16 of these electrified. It's aiming for EV and combustion engine costs to reach parity by 2030. 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."CEO Uchida told CNBC on Monday that the development of the EV sector — and particularly the price pressures — had come "much, much earlier than we thought."

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