Speaking at a media briefing alongside senior VPs Takao Asami and Ogi Redzic, who lead the respective autonomous driving and connectivity projects at the Alliance, Philippe Klein, Nissan’s chief planning officer reaffirmed that the midterm plan aims to boost annualized revenue by 30% to 150 billion USD by the end of fiscal year 2022. The company is also targeting an 8% core operating profit margin and cumulative free cash flow of 2.4 billion USD. Electrification As part of its electrification strategy, Klein said Nissan will launch a product offensive in China led by a new C-segment electric vehicle this year, derived from Nissan LEAF technology. The product offensive will also include an affordable EV in China through the Alliance joint venture eGT New Energy Automotive. This new affordable electric vehicle will be jointly developed by the Alliance and Dongfeng on an A-segment SUV platform. Two further electric vehicle derivatives are also being prepared for the Venucia brand. Nissan will also continue to expand its e-POWER technology, already offered on the Nissan Note and Nissan Serena in Japan. More than 129,000 Note e-POWER models were sold in Japan in its first year, with more than two-thirds of Note customers opting for e-POWER models versus the baseline model. Nissan expects that electrified vehicles – including electric vehicles and e-POWER models – will make up 40% of the company’s sales in Japan and Europe by 2022 and 50% by 2025. In the U.S., the expectation is about 20-30% by 2025, while in China it’s 35-40%. INFINITI will accelerate the electrification trend, with new models being either pure electric vehicles or utilizing e-POWER technology from fiscal year 2021. By 2025, INFINITI expects electrified vehicles to comprise 50% of its global sales. Autonomous driving As part of its strategy for autonomous driving systems, Nissan announced plans to deploy ProPILOT technology in 20 models in 20 markets by 2022. The company expects to sell 1 million ProPILOT-equipped vehicles a year by 2022. This will be followed by enhancing ProPILOT to automate multilane driving on highways and managing vehicle destinations. The enhanced capability will be introduced in Japan as a pilot project within one year. Connectivity and mobility services Redzic announced an objective to offer connectivity for 100% of new Nissan, INFINITI and Datsun cars sold in key markets, enabled by the launch of the Alliance Connected Cloud. The Alliance Connected Cloud provides a foundation to enable the expansion of connected and mobility services for Nissan, including robo-vehicle ride-hailing services. Nissan tested its first robo-vehicle ride-hailing service called “Easy Ride” with partner DeNA earlier this month. By the early 2020s, Nissan aims to provide commercial services directly to customers.