Nissan to export China-made vehicles from 2025

Japanese carmaker Nissan said it is scheduled to start exports of vehicles it produces in China from 2025, as part of its newly unveiled business plan called The Arc.

The exports will stand at "100,000 unit level", according to the plan that covers goals from the fiscal year 2024 to actions to be carried out through 2030.

It did not offer details about what models will be shipped from its Chinese plants to other markets.

The carmaker also plans to refresh 73 percent of Nissan-brand models and launch eight new energy vehicles, including four Nissan-branded models, by fiscal year 2026 in China, its second-largest market.

By the same fiscal year, it expects its sales in China to rise to 1 million units, representing an increase of 200,000 units from 2023.

Globally, Nissan aims to lift its annual sales by 1 million units and increase its operating profit margin to more than 6 percent, both by the end of fiscal year 2026. Last year, it sold 3.37 million vehicles across the world.

Nissan said the goals by the fiscal year 2026 will pave the way for the second part of the plan aimed to enable the EV transition and realize long-term profitable growth.

In terms of products, Nissan plans to launch 30 new models over the next three years, of which 16 will be electrified, and 14 will be internal combustion engine models, to meet the diversified customer needs in markets where the pace of electrification differs.

From fiscal year 2024 and 2030 it will launch a total of 34 electrified models. It expects such vehicles to account for 40 percent of its global product portfolio by fiscal year 2026 and to rise to 60 percent by the end of the decade.

Nissan aims to reduce the cost of next-generation EVs by 30 percent compared to the current model Ariya crossover and achieve cost-parity between EVs and internal combustion engine models by fiscal year 2030.

"Under this comprehensive plan we will enhance Nissan's competitiveness and achieve sustainable profitability," said Nissan President and CEO Makoto Uchida.

"Nissan is confident that it has what it takes to properly execute this plan, which will provide us with the firm foundation we need to bridge to our Nissan Ambition 2030 vision."