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Nissan (NSANY) Sets Annual EV Sales Target of 1M by 2022
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Nissan Motor Company (NSANY - Free Report) is entering the electric vehicles (EVs) race with grandeur. Per Reuters, by 2022, the Japanese automaker aims to sell one million EVs annually. The vehicles, which the company is planning to sell, include e-Power gasoline hybrid technology run vehicles as well as all battery-run EVs.
Like its peers, Nissan is also giving huge importance to China. Out of eight new all-battery EVs that the company is planning to roll out, four are intended for the Chinese market. Nissan, along with its partners Renault SA and Mitsubishi Motors Corp, plans to introduce 12 EV models, in line with their strategy to reach annual vehicle sales target of 14 million units by 2022, whereas they managed to sell 10.6 million in 2017.
Notably, in December 2017, Nissan announced its plan to launch the autonomous vehicles in the market by 2022. This is an initiative by the company to emerge as a key player in the driverless automotive technologies.
In the last six months, shares of Nissan underperformed the industry it belongs to. The stock has edged up 0.8%, whereas the industry gained 1.9%.
A few other top-ranked stocks in the auto space are General Motors Company (GM - Free Report) , Volkswagen AG and AB Volvo (VLVLY - Free Report) . While General Motors sports a Zacks Rank #1, both Volkswagen and Volvo carry Zacks Rank #2.
General Motors has expected long-term growth rate of 8.4%. The shares of the company gained 5.2% in the past year.
Volkswagen has expected long-term growth rate of 18.7%. The shares of the company advanced 28.6% in the past year.
AB Volvo has an expected long-term growth rate of 15%. Past year, shares of the company rallied 20.5%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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Nissan (NSANY) Sets Annual EV Sales Target of 1M by 2022
Nissan Motor Company (NSANY - Free Report) is entering the electric vehicles (EVs) race with grandeur. Per Reuters, by 2022, the Japanese automaker aims to sell one million EVs annually. The vehicles, which the company is planning to sell, include e-Power gasoline hybrid technology run vehicles as well as all battery-run EVs.
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Like its peers, Nissan is also giving huge importance to China. Out of eight new all-battery EVs that the company is planning to roll out, four are intended for the Chinese market. Nissan, along with its partners Renault SA and Mitsubishi Motors Corp, plans to introduce 12 EV models, in line with their strategy to reach annual vehicle sales target of 14 million units by 2022, whereas they managed to sell 10.6 million in 2017.
Notably, in December 2017, Nissan announced its plan to launch the autonomous vehicles in the market by 2022. This is an initiative by the company to emerge as a key player in the driverless automotive technologies.
In the last six months, shares of Nissan underperformed the industry it belongs to. The stock has edged up 0.8%, whereas the industry gained 1.9%.
Nissan currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
A few other top-ranked stocks in the auto space are General Motors Company (GM - Free Report) , Volkswagen AG and AB Volvo (VLVLY - Free Report) . While General Motors sports a Zacks Rank #1, both Volkswagen and Volvo carry Zacks Rank #2.
General Motors has expected long-term growth rate of 8.4%. The shares of the company gained 5.2% in the past year.
Volkswagen has expected long-term growth rate of 18.7%. The shares of the company advanced 28.6% in the past year.
AB Volvo has an expected long-term growth rate of 15%. Past year, shares of the company rallied 20.5%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>