Nissan To Launch Slew Of New Vehicles In China Over Next Five Years; Says CEO

Nissan Motor's chief executive said on Saturday he planned to launch a slew of new vehicles in the growing Chinese market over the next five years, including electrical cars, that could help the struggling Japanese automaker return to profit.

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Nissan plans to launch a slew of new vehicles in the Chinese market over the next five years

Nissan CEO Makoto Uchida spoke from Japan via a video link at a press conference on the sidelines of the Beijing auto show.

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His remarks come as investors express deepening concern about the future of Nissan, which has warned of a record $4.5 billion loss this year as the pandemic hampers its turnaround efforts.