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Nissan Motor Co. Ltd. has unveiled a four-year plan to achieve sustainable growth, financial stability and profitability by the end of fiscal-year 2023.

The plan involves expanding its presence in the EV market, with more than 1 million electrified sales units expected a year by end of 2023. In Japan, it will launch two more electric vehicles and four vehicles featuring its e-POWER platform.

It will also introduce ProPILOT, its advanced driver assistance system, in more than 20 models in 20 markets, targeting more than 1.5 million units to be equipped with this system per year by the end of 2023.

Makoto Uchida, Nissan chief executive officer, says: “Nissan must deliver value for customers around the world. To do this, we must make breakthroughs in the products, technologies and markets where we are competitive. This is Nissan’s DNA. In this new era, Nissan remains people-focused, to deliver technologies for all people and to continue addressing challenges as only Nissan can.”

Uchida adds: “Our transformation plan aims to ensure steady growth instead of excessive sales expansion. We will now concentrate on our core competencies and enhancing the quality of our business, while maintaining financial discipline and focusing on net revenue per unit to achieve profitability. This coincides with the restoration of a culture defined by “Nissan-ness” for a new era.”

Nissan also announced its plans to close its Barcelona plant in Spain and to consolidate North American production around core models.

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