© Reuters. FILE PHOTO: A Nissan logo is seen on a vehicle during press day at the Los Angeles Auto Show in Los Angeles, California, U.S., November 17, 2022. REUTERS/Mike Blake
TOKYO (Reuters) – Nissan Motor Co Ltd raised its electric car sales targets on Monday and said it would build a second battery plant in the U.S. as the automaker seeks to catch up in an increasingly growing industry. dominated by new players like Tesla (NASDAQ). :).
Nissan (OTC:), though a pioneer in electric vehicles with its battery-powered Leaf, has struggled, like many legacy automakers, in the face of growing competition from Tesla and other newer entrants.
Nissan now aims to have electrified vehicles, including its e-power advanced hybrid cars, to account for more than 55% of its global sales by fiscal 2030, up from a previous forecast of 50%, it said.
It plans 27 new electric vehicles for that year, with 19 of those battery electric vehicles, it said in a statement. It had previously envisioned 23 electric vehicles and 15 EVs.
The company also plans to establish a second battery plant in the United States to help it meet the requirements of the Reduction of Inflation Act, chief operating officer Ashwani Gupta said on Monday.
