Nissan targets one million electric vehicle sales a year by 2022

Nissan targets one million electric vehicle sales a year by 2022

Nissan chief planning officer Philippe Klein said: "Our product and technology strategy is dedicated to positioning Nissan to lead the automotive, technology and business evolution". The company is also targeting an 8% core operating profit margin and cumulative free cash flow of 2.5 trillion yen.

Nissan also proposes to have ProPilot autonomous drive technology in 20 models in 20 markets by 2022 and to offer connectivity for all new Nissan, Infiniti and Datsun cars by then. The project utilizes the growing number of used electric-car batteries that will become available as electric vehicles increase in popularity around the world.

Electrify new INFINITI models from fiscal year 2021. So far, e-POWER has been primarily focused on the Japanese market, though earlier the year the automaker said it had plans to expand the footprint to the United States as well. This figure will rise to 50 per cent by 2025.

Together with French partner Renault and Japan's Mitsubishi Motors, Nissan forms part of the world's biggest automaking alliance by sales.

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Under the plan, electrified cars are to account for 30 percent of all sales in 2022, and by 2025, all Infiniti models are to be electrified, the automaker said earlier. Nissan will launch a C-segment auto - expected to be roughly the size of a Leaf - in China this year, followed by an "affordable EV" co-developed with eGT New Energy Automotive.

Two models are to be under the Venucia brand, he said.

As we previously reported, the automaker's e-POWER powertrain is entirely gas-powered since it is equipped with a hybrid powertrain that works with a gas generator charging a battery pack which feeds the electric motor.

These ambitious plans are part of Nissan's medium-term plan, which should enable it to reach an annual turnover of 16,500 billion yen in 2022-2023, which would mean an addition of 30% compared to 2016/17.

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The auto maker is also planning to equip 20 of its models, mostly in developed markets, with automated driving functions including self-driving capabilities on city roads by 2022.

Nissan and its affiliate 4R Energy Corporation have teamed up with the town of Namie, Japan, to install new streetlights that will be powered by a combination of solar panels and used batteries from the Nissan LEAF electric auto.

Connectivity and mobility services.

Finally, Nissan will push for 100 percent vehicle connectivity by an unspecified date. By the early 2020s, Nissan aims to provide commercial services directly to customers.

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