Japanese automaker Nissan launched on Monday a new business plan to enhance competitiveness and profitability, helping it to realise its Ambition 2030 vision, Kallanish reports.  

The so-called The Arc plan is expected to drive value. This will be achieved with a stronger product portfolio and innovative ways of developing and manufacturing more advanced electric vehicle products. 

It comes as a “bridge” strategy between the Nissan NEXT business transformation plan running from fiscal 2020 through fiscal 2023, and the long-term vision of Nissan Ambition 2030. 

During fiscal 2024-2030, the carmaker plans to launch 34 EVs, of which 16 will be launched by fiscal 2026. Globally, it aims for 40% of its models to be electrified by fiscal 2026 and 60% by the end of the decade.

By fiscal 2026, as part of “mid-term imperatives,” Nissan targets a sale increase of 1 million units compared to fiscal 2023, and an over 6% operating profit margin. The latter was 4.6% in the three-month period ending on 31 December 2023, Kallanish notes.

In fiscal 2028, Nissan will release new EVs with enhanced nickel-cobalt-manganese (NCM) lithium-ion, lithium iron phosphate (LFP) and all-solid-state batteries. By then, it expects EVs featuring NCM batteries to have a 50% increase in energy density and a 50% reduction in the quick-charging time, compared to the current Ariya all-electric crossover. LFP batteries, to be developed and produced in Japan, will enable a 30% cost reduction compared to Sakura EV mini vehicle.

Price parity between its EVs and internal combustion engine (ICE) vehicles is planned for fiscal 2030, when the carmaker targets a 30% cost reduction in its next-generation BEV (versus the current Ariya model).

The carmaker also plans that by fiscal 2026, it will launch eight new energy vehicles in China; launch e-power and plug-in models in the US; and introduce a C-segment crossover EV in Oceania. In Japan, 70% of Nissan’s line-up should be electrified and in Europe, EVs should account for 40% of its offering. Five new models are planned in Japan and six in Europe.

The Arc plan will also see more plants adopting the Nissan Intelligent Factory concept towards the latter end of the decade, including Oppama and Nissan Motor Kyushu plants in Japan, the Sunderland plant in the UK and Canton and Smyrna plants in the US.

Additionally, Nissan also plans to extend its EV36Zero production approach developed at Sunderland to plants including Canton, Decherd and Smyrna in the US, and Tochigi and Kyushu in Japan by fiscal 2028. The approach comprises an EV hub bringing together EV, renewable and battery production.