Nissan Releases “The Arc,” an Ambitious Business Plan That Focuses On Electrification

Nissan Releases "The Arc," an Ambitious Business Plan That Focuses On Electrification

27 March 2024 – The Arc is focusing on a wide range of products, increased electrification, innovative engineering and manufacturing techniques, embracing new technologies, and forming strategic alliances to boost worldwide unit sales and profitability in order to increase competitiveness and add value.

AP reported that Chief Executive Makoto Uchida gave reporters a thorough but ambitious business plan on Monday. He stated that the car industry is now being forced to rethink its beliefs in order to claim that constant change is the new normal.

“Nissan needs to adapt. We cannot succeed if we keep going in the same direction. He predicted that by the fiscal year 2030, global automobile sales would have climbed by a million units, and the price of electric models would have dropped to a level about equal to that of gasoline-powered models. The company plans to launch 30 new models over the next three years, 16 of which will be electric cars.


Conclusion

According to TOI, Nissan plans to launch 34 EV models between fiscal 2024 and fiscal 2030. This means that by the end of the decade, EVs would account for 60% of the company’s global product range, up from 40% in fiscal 2026.