Annual sales surged nearly 20% to
For the January-March quarter, profit at Nissan, based in the port city of
Quarterly sales rose 13% to
Chief Executive
“We will do this step by step with a balanced product portfolio and by implementing optimal business strategies,” he told reporters.
Nissan hopes to maintain its leadership in electric vehicles in the Japanese market with its Ariya sports-utility vehicle. Its new
Nissan has said it will mass produce electric vehicles powered by next-generation batteries by early 2029, offering solid-state batteries in a range of models, including pickup trucks.
In March, Nissan and domestic rival
Nissan is projecting a
The cheap yen has generally been a plus for Japanese exporters, including automakers, by raising the value of its overseas earnings when translated into yen.
But Nissan played down the perk, stressing a steady exchange rate was desirable. The cheap yen boosted Nissan’s operating profit for the fiscal year ended in March by nearly 13%.
Nissan sold 3.44 million vehicles globally for the fiscal year, slightly lower than its projections but better than the 3.3 million vehicles for the year before.
By region, Nissan sales grew in the
Still, Nissan is expecting its global sales to rise to 3.7 million vehicles for the year through
Nissan shares finished 0.9% higher in
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