Nissan targets 1 million extra vehicle sales in next 3 years, aims to cut EV costs

A Nissan Ariya electric car is on display during 2020 Beijing International Automotive Exhibition at China International Exhibition Center on September 27, 2020 in Beijing, China.is targeting an additional 1 million vehicle sales over the next three years and a 30% reduction in electric vehicle production costs by 2030, the Japanese carmaker announced Monday.

"This plan will enable us to go further and faster in driving value and competitiveness," Nissan President and CEO Makoto Uchida said in a statement. The automaker also said it is targeting an operating profit margin of more than 6% by the end of fiscal 2026, as well as "long-term profitable growth."

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