Nissan Chief Executive Makoto Uchida presented an ambitious plan aimed at transforming the company’s operations, emphasizing the need for change and innovation. Uchida highlighted the importance of expanding Nissan’s electric vehicle lineup, developing advanced batteries, and reducing production costs as part of the strategy known as “The Arc.”
Accelerated Growth and Cost Reductions in Electric Vehicle Sector
To achieve its objectives, Nissan plans to introduce 30 new models within the next three years, with a focus on electric vehicles (EVs). The company aims to launch a total of 34 EV models by fiscal 2030, with the goal of having EVs account for 40% of its global offerings by fiscal 2026 and 60% by the end of the decade. Additionally, Nissan intends to bring down costs for electric models to align with gasoline-engine vehicles by fiscal 2030.
Innovative Approaches to Drive Value and Competitiveness
To enhance efficiency and cost-effectiveness, Nissan will collaborate closely with suppliers from the development stage, implement advanced production methods incorporating robotics and artificial intelligence, and emphasize component sharing among models. The company also pledges to prioritize autonomous vehicle technologies to improve safety standards. By leveraging partnerships with Mitsubishi Motors Corp, Dongfeng Nissan in China, and Renault, Nissan aims to strengthen its global presence and technological capabilities.
Partnerships and Market Expansion for Sustainable Transport Solutions
In response to increasing demand for sustainable transport solutions, Nissan is exploring collaborations with competitors such as Honda Motor Co in electrification and artificial intelligence. Such partnerships underscore the industry-wide effort to address environmental concerns and meet evolving consumer preferences. Nissan’s commitment to expanding its offerings of EVs, plug-ins, and hybrids across various markets demonstrates its dedication to driving innovation and competitiveness.
Embracing Change and Navigating Market Dynamics
Uchida emphasized that the “Arc” plan symbolizes Nissan’s forward-looking approach to adapting to market changes and enhancing its value proposition. The company’s strategic roadmap underscores its determination to evolve and excel in a rapidly transforming automotive landscape. By outlining a comprehensive vision for the future, Nissan aims to reinforce its position as a leading player in the global automotive industry while striving for sustainable growth and success.
SOURCE: Ref Image from Asahi
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