Skip to Content

Japanese automaker Nissan reports 92% jump in profit as sales surge

By YURI KAGEYAMA
AP Business Writer

TOKYO (AP) — Nissan’s profit for the fiscal year through March has jumped 92% to 426.6 billion yen, or $2.7 billion, as the Japanese automaker’s sales grew in all major global markets except China. Nissan reported Thursday annual sales surged nearly 20%. Quarterly profit edged down slightly, while quarterly sales rose 13%. Nissan hopes to maintain its leadership in electric vehicles in the Japanese market with its Ariya sports-utility vehicle. Nissan sold 3.44 million vehicles globally for the year, up from 3.3 million vehicles the year before. 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.

Article Topic Follows: AP National News

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KTVZ NewsChannel 21 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content