But not only the Nissan brand would get a bunch of EVs.
Automotive electrification is happening fastest in Japan and Europe, and Nissan intends to make the most of the experience and technologies gained with its all-electric Leaf vehicle, Chief Planning Officer Philippe Klein told an audience at the company's Yokohama headquarters. The company is also targeting an 8% core operating profit margin and cumulative free cash flow of ¥2.5 trillion (US$23 billion). Among the targets is sale of a million electrified vehicles - either pure electric models or those with e-Power powertrains - annually by fiscal year 2022. "Our efforts are focused on delivering Nissan Intelligent Mobility, encompassing the three core elements of electrification, autonomous drive, connectivity and new mobility services".
Together with French partner Renault and Japan's Mitsubishi Motors, Nissan forms part of the world's biggest automaking alliance by sales. The project utilizes the growing number of used electric-car batteries that will become available as electric vehicles increase in popularity around the world.
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Infiniti, which has lagged rival luxury automakers in embracing electric cars, will begin its path to electrification from the 2021 fiscal year, Nissan says.
Last year, Nissan introduced a revamped version of its Leaf electric vehicle that cost almost $29,000 and can travel about 150 miles on a single charge. As part of Nissan M.O.V.E.to 2022, the company plans to extend its leadership in electric vehicles, symbolized by the world's best-selling all-electric vehicle in history, the Nissan LEAF.
Nissan will also continue to expand its e-POWER technology, already offered on the Nissan Note and Nissan Serena in Japan. It sold more than 129,000 Note e-Power models in Japan in its first year, with more than two-thirds of Note customers opting for e-Power models versus the baseline model, according to Nissan. Nissan expects electrified vehicles to make up 20 to 30 percent of its USA sales by 2025. In the USA, the expectation is about 20% to 30% by 2025, while in China it's 35% to 40%. Similarly, about 20-30 per cent of its total auto sales in United States of America should be made of electrified vehicles by 2025 and in China, the percentage is targeted to be 35-40 per cent. That should result in the sale of 1 million ProPILOT-equipped vehicles per year by 2022. It's unclear whether Nissan is talking about tech on the same level as the current ProPilot Assist system, which essentially combines adaptive cruise control with limited steering assist, or something more advanced. The enhanced capability will be introduced in Japan as a pilot project within one year. Nissan's connectivity push will allow for over-the-air vehicle updates and the expansion of its "Easy Ride" ride-hailing service. They plan to offer the service beginning in Japan in the early 2020s.