Nissan (NSANY) Sets Annual EV Sales Target Of 1M By 2022
Zacks Investment Research | Mar 22, 2018 10:08PM ET
Nissan Motor Company (OTC:NSANY) is entering the electric vehicles (EVs) race with grandeur. Per Reuters, by 2022, the Japanese automaker aims to sell one million EVs annually. The vehicles, which the company is planning to sell, include e-Power gasoline hybrid technology run vehicles as well as all battery-run EVs.
Like its peers, Nissan is also giving huge importance to China. Out of eight new all-battery EVs that the company is planning to roll out, four are intended for the Chinese market. Nissan, along with its partners Renault SA (PA:RENA) and Mitsubishi Motors Corp, plans to introduce 12 EV models, in line with their strategy to reach annual vehicle sales target of 14 million units by 2022, whereas they managed to sell 10.6 million in 2017.
Notably, in December 2017, Nissan announced its plan to launch the autonomous vehicles in the market by 2022. This is an initiative by the company to emerge as a key player in the driverless automotive technologies.
In the last six months, shares of Nissan underperformed the Original post
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