According to Nikkei, Nissan plans to reduce the number of engine models in new models by 60% by 2028 or later, as the company is focusing on minicars and hybrid cars and has stopped the development of new gasoline engines.
Nissan currently has nearly 10 gasoline engines in its lineup, but that will be significantly reduced from 2028, it said. Nissan will focus primarily on the four gasoline engines used in its e-Power hybrid cars. Therefore, Nissan’s development work on fuel vehicles has basically come to an end.
From April 1 to September 30, 2023, Nissan Motor Co., Ltd.’s consolidated net income increased by 1.4 trillion yen to 6.06 trillion yen and consolidated operating profit increased by 180.1 billion The yen reached 336.7 billion yen, the operating profit margin was 5.6%, and the net income was 296.2 billion yen.
Officials said that except for the Chinese market, which was affected by intensified industry competition and the accelerated transformation of Chinese local brands into new energy vehicles, resulting in a decline in sales, sales in other regions increased significantly year-on-year.
Nissan President and CEO Makoto Uchida said, “We have achieved considerable growth in operating profit in the final year of the ‘Nissan NEXT Corporate Transformation Plan,’ which gives us the confidence to accomplish our set goals and achieve sustainable growth. At the same time, we have taken strategic measures to improve our operating performance in the Chinese market and plan to launch four new energy models into the Chinese market starting from the second half of 2024.”
