Nissan Targets Sales of 1 Million Electric Vehicles per Year By Year 2022

INDUSTRY.co.id - Yokohama, Nissan Motor announced plans to launch more electric vehicles, improve and develop a swift system, and speed up vehicle connectivity as part of Nissan's mid-term plan M.O.V.E to 2022.

Nissan targets to sell one million electric vehicles either pure electric or e-POWER every year until fiscal year 2022.

Phillipe Klein, Chief Planning Officer of Nissan, said our strategy for products and technology is dedicated to positioning Nissan as a leader in automotive, technology, and business evolution.

"We are working to focus on delivering the Nissan Intelligent Mobility, which includes the three core elements of electrification, which are swift technology, connectivity and new mobility services," said Phillipe Klein through his description in Yokohama, Japan (30/3/2018).

Klein reiterated that the mid-term plan aims to boost annual revenue by 30% to 16.5 trillion yen by the end of fiscal year 2022.

"The company is also targeting a profit margin of 8% of core operations and cumulative free cash flows of 2.5 trillion yen," he explained.

Klein promised to capitalize on the strength of the Renault-Nissan-Mitsubishi asset to support the company's goals.

Klein stated that Nissan will launch products in China starting this year with new electric vehicles for the C segment, based on Nissan LEAF technology.

"This product launch also includes affordable EV in China from the Alliance joint venture, eGT New Energy Automotive," he said.

According to him, a new electric vehicle at an affordable price will be developed by Alliance and Dongfeng for the segment SUV platform A. Two new electric vehicle models are also being prepared for the Venucia brand.

In addition, he added, Nissan will also continue to develop e-POWER technology that has been pinned on the Nissan Note and Nissan Serena in Japan.

"Over 129,000 e-POWER records were sold in Japan in its first year, with more than two-thirds of subscribers choosing an e-POWER model instead of the usual variant," Klein said.

Nissan hopes that electric-powered vehicles including electric vehicles and e-POWER models will account for 40% of the company's sales figures in Japan and Europe by 2022, and 50% by 2025.

"In the United States, the target is 20-30% in 2025 and 35-40% in China," Klein concluded.