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

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."

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Shell waters down 2030 carbon emissions target in latest fossil fuel industry backslideShell weakened its 2030 carbon reduction target and scrapped a 2035 objective, citing expectations for lower power sales and strong demand for gas in the energy transition even as it affirmed a plan to cut emissions to net zero by 2050.
Source: CNN - 🏆 4. / 95 Read more »