ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Interview

Nissan bets on EV supremacy for growth, CEO says

Uchida doesn't deny possibility of further alliance expansion in future

Nissan President and CEO Makoto Uchida poses in front of an Ariya electric vehicle at the company's headquarters in Yokohama, Kanagawa Prefecture. (Photo by Ken Kobayashi)

YOKOHAMA, Japan -- Nissan President and CEO Makoto Uchida says the automaker will "take advantage of the scale of the alliance" with Renault and Mitsubishi Motors in electrification technology, which he sees as a source of future revenue. He also says electrification may drive a restructuring in the auto industry and didn't deny the possibility of expanding the alliance.

Because of a failed expansion strategy, Nissan is expected to post losses of more than 600 billion yen ($5.68 billion) in the fiscal year that ends March 2021, the second straight year in which losses have topped that level. During its 1999 deterioration of earnings and financial conditions, Nissan received financing from Renault, and the French company's Carlos Ghosn was sent in to improve the Japanese automaker's performance.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more