• Nissan has shared new details for its electrification plans under the Arc business plan.
• The Japanese car maker aims to launch 30 new car models by 2026, 16 of which will be electric vehicles.
• It also notes that 60 percent of its internal combustion engine models will be refreshed within the same time frame.

Like many other car makers of late, Nissan has prioritised electrifying its fleet of vehicles. To that end the company unpacked its projects for the next few years under its Arc business plan.

Also falling in line with its Ambition 2030 objectives, Nissan shared that it plans to launch 30 new car models by 2026, with 16 of these being new electric vehicles (EVs). A further 18 are slated by the end of the decade.

The company did not focus on EVs alone, however, also noting that 60 percent of its internal combustion engine (ICE) models would be fleshed within the same 2026 time frame.

“Nissan plans to launch 30 new models over the next three years, of which 16 will be electrified, and 14 will be ICE models, to meet the diversified customer needs in markets where the pace of electrification differs. Nissan plans to launch a total of 34 electrified models from fiscal year 2024 and 2030 to cover all segments, with the model mix of electrified vehicles expected to account for 40% globally by fiscal year 2026 and rise to 60% by the end of the decade,” it detailed in a press release.

“The Arc plan shows our path to the future. It illustrates our continuous progression and ability to navigate changing market conditions. This plan will enable us to go further and faster in driving value and competitiveness. Faced with extreme market volatility, Nissan is taking decisive actions guided by the new plan to ensure sustainable growth and profitability,” added president and CEO, Makoto Uchida.

While it remains to be seen how many of these 30 new car models are destined for South African roads, the company did share that its plan is two-pronged in nature.

Here it will first look to ensure volume growth through a “tailored regional strategy” and prepare for an accelerated ramping up of its EV releases.

“Through these initiatives Nissan aims to lift annual sales by 1 million units and increase its operating profit margin to more than 6%, both by the end of fiscal year 2026,” it added.

“This will pave the way for the second part of the plan aimed to enable the EV transition and realize long-term profitable growth, supported by smart partnerships, enhanced EV competitiveness, differentiated innovations and new revenue streams. By fiscal year 2030, Nissan sees a revenue potential of 2.5 trillion yen from new business opportunities,” the release concluded.

With several other car makers outlining similar objectives over the coming years, the EV space is indeed an interesting one, making SA’s power woes all the more concerning.