Previous close | 7.39 |
Open | 7.10 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 7.04 - 7.14 |
52-week range | 7.04 - 9.65 |
Volume | |
Avg. volume | 138,088 |
Market cap | 14.057B |
Beta (5Y monthly) | 1.08 |
PE ratio (TTM) | 4.93 |
EPS (TTM) | 1.43 |
Earnings date | N/A |
Forward dividend & yield | 0.21 (2.79%) |
Ex-dividend date | 28 Sept 2023 |
1y target est | 9.63 |
TOKYO (Reuters) -Nissan Motor slashed its annual operating profit estimate by 14.5% on Friday, citing lower-than-expected vehicle sales and other factors. Japan's third-largest automaker by volume now estimates an operating profit of 530 billion yen ($3.43 billion) instead of 620 billion yen for the year that ended in March. Net profit is now estimated at 370 billion yen instead of 390 billion yen.
Nissan (NSANY) plans to produce EVs powered by next-generation batteries at scale by early 2029.
Japan's Nissan Motor will begin to produce solid-state batteries for electric vehicles at scale by early 2029 and use huge casting machines as it seeks to raise efficiency and drive down costs on future models, the automaker said on Tuesday. Nissan is betting on technological advancements to stave off heavy competition from rivals such as Tesla and BYD that have raced ahead in production of battery-powered cars. Japan's third-biggest automaker by volume will initially do prototype tests and develop the solid-state batteries at a still unfinished pilot plant in Yokohama, a city near Tokyo where it is based, before building up production capacity.