Nissan plans to develop 16 new electric models and build a million more cars in three years

Nissan CEO Makoto Uchida said he wants to strengthen Nissan’s position in Latin America, Southeast Asia and India with existing partners Renault and Mitsubishi Motors

Nissan chief executive Makoto Uchida, said the carmaker must be 'flexible' in its approach.

Nissan is targeting an additional one million vehicle sales within three years as the Japanese carmaker seeks to regain market momentum and boost profitability.

The goal, unveiled as part of the carmaker’s new three-year plan, is to achieve an operating profit margin of at least 6% in that period by introducing dozens of new models — including more cost-effective electric cars — and forging partnerships, the Yokohama-based company said.