Nisaan Motor Company has announced its new mid-term plan of selling one million electrified vehicles globally by 2022. The plan also talks about company’s plans on driving systems, vehicle connectivity and autonomous driving technology. The new mid-term plan also looks to increase annual revenue by 30 per cent, reaching a target of 16.5 trillion yen by the end of FY 2022. Also, the company aims to have an 8 per cent core operating profit margin and a cumulative free cash flow of 2.5 trillion yen. The idea is also to leverage the platform and powertrain assets of Renault-Nissan-Mitsubishi alliance to support company goals.
