BR100 Increased By (0.11%)
BR30 Decreased By (-0.26%)
KSE100 Increased By (0.12%)
KSE30 Increased By (0.09%)
AGHA 7.79 Increased By ▲ 0.04 (0.52%)
BECO 5.23 Increased By ▲ 0.04 (0.77%)
BML 57.26 Decreased By ▼ -1.40 (-2.39%)
BOP 34.10 Increased By ▲ 0.41 (1.22%)
CNERGY 9.92 Decreased By ▼ -0.69 (-6.5%)
CSIL 5.35 Increased By ▲ 0.05 (0.94%)
FCCL 54.61 Increased By ▲ 0.87 (1.62%)
FFL 16.70 Increased By ▲ 0.24 (1.46%)
FNEL 1.24 Increased By ▲ 0.02 (1.64%)
KEL 7.42 Increased By ▲ 0.14 (1.92%)
KOSM 5.75 Increased By ▲ 0.11 (1.95%)
LOTCHEM 29.35 Decreased By ▼ -0.30 (-1.01%)
MLCF 94.35 Decreased By ▼ -2.01 (-2.09%)
NBP 202.70 Decreased By ▼ -0.83 (-0.41%)
NCPL 57.00 Increased By ▲ 0.15 (0.26%)
NPL 67.78 Increased By ▲ 0.47 (0.7%)
OGDC 316.40 Decreased By ▼ -1.82 (-0.57%)
PACE 10.64 Increased By ▲ 0.01 (0.09%)
PAEL 43.15 Increased By ▲ 1.38 (3.3%)
PIBTL 16.72 Decreased By ▼ -0.09 (-0.54%)
PPL 220.50 Increased By ▲ 0.33 (0.15%)
PRL 49.05 No Change ▼ 0.00 (0%)
PTC 70.98 Increased By ▲ 0.97 (1.39%)
SSGC 28.17 Decreased By ▼ -0.97 (-3.33%)
TBL 9.90 Increased By ▲ 0.13 (1.33%)
TELE 8.80 Decreased By ▼ -0.02 (-0.23%)
TPL 18.14 Increased By ▲ 0.97 (5.65%)
TPLP 13.40 Increased By ▲ 0.89 (7.11%)
TREET 22.75 Increased By ▲ 0.16 (0.71%)
TRG 60.30 Increased By ▲ 0.08 (0.13%)
Markets

Nissan to trim global car lineup, boost use of AI driving tech

*The company said in a statement its ambition ​was to reach annual sales of 1 million ⁠vehicles in both the United States and China ​by the 2030 financial year
Published Updated
By

YOKOHAMA: Nissan Motor said on Tuesday it plans to streamline its ​global lineup to 45 models from 56 by ‌exiting low-performing ones and seek to deploy its artificial intelligence driving technology across 90% of its lineup over the long ​term.

The company said in a statement its ambition ​was to reach annual sales of 1 million ⁠vehicles in both the United States and China ​by the 2030 financial year and grow its annual ​sales volume in Japan to 550,000 cars by that time.

Nissan said it will give an update on the progress of its ​restructuring plan when it reports full-year financial results next ​month and announce further elements of its strategic direction later in ‌the ⁠year.

Japan’s fourth-biggest automaker said it will establish exports as a strategic pillar in China, shipping its N7 electric sedan to Latin America and ASEAN, and its ​Frontier Pro pickup ​truck to ⁠the Middle East in addition to those markets.

The company will aim to produce more ​vehicles in the US by raising its ​local ⁠production rate to 80% over time from around 60% currently, and revitalise its Infiniti luxury brand by introducing ⁠new ​models.

In Japan, the automaker will introduce ​a compact car series from the 2028 financial year, it said.


Comments

200 characters remaining