Nissan to sell 1 million EVs a year by 2022

Among the targets, Nissan is aiming to sell 1 million electrified vehicles, either pure electric models or those with e-POWER powertrains, annually by FY 2022. As part of Nissan M.O.V.E. to 2022, the company 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
• Equip 20 models in 20 markets with autonomous driving technology
• Reach 100 per cent connectivity for all new Nissan, Infiniti and Datsun cars sold in key markets by the end of the plan

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, Klein reaffirmed that the midterm plan aims to boost annualised revenue by 30 per cent to 16.5 trillion yen by the end of fiscal year 2022. The company is also targeting an 8 per cent core operating profit margin and cumulative free cash flow of 2.5 trillion yen.