Nissan Drops After Setting New Mid-Term Targets for EVs, Sales
- Carmaker aims to add 1 million car sales in three years
- Plan is to add 30 models, including more cost-effective EVs
The Japanese carmaker will add 30 new models, 16 of which will be electrified, by March 2027.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
Nissan Motor Co. shares fell the most in six weeks after the Japanese automaker detailed a new mid-term plan that calls for 1 million additional vehicle sales within three years, a target that one analyst described as “aggressive.”
The Japanese carmaker will add 30 new models, 16 of which will be electrified, by March 2027, Makoto Uchida, Nissan’s chief executive officer, said at a news conference Monday. Nissan is also seeking to reduce the cost of next-generation EVs by 30%. The stock fell as much as 6% in morning trading in Tokyo, its biggest intraday decline since Feb. 9.