Nissan, a Japanese carmaker, made a lot of money last year. Their profit increased by 92% to $2.7 billion. They sold more cars, making about $81.5 billion in sales. In the last three months of the year, their profit was $650 million, a bit less than before, but they still made a lot of money.
Nissan’s CEO, Makoto Uchida, said they have a plan called “The Arc” to sell more electric cars. They want to grow steadily by selling different types of cars and using good business plans.
Nissan wants to keep selling a lot of electric cars in Japan. They are making a new sports utility vehicle called Ariya. In the U.S., they are making new cars like the Armada and Murano SUVs and the Infiniti QX80 luxury car.
Nissan is planning to make many electric cars with better batteries. They are working with another Japanese car company, Honda, to make better electric cars and smart technology for cars.
Nissan thinks they will make less money next year because they will spend more money on new cars and helping their suppliers. The value of the Japanese money, called the yen, has been low, which helped Nissan make more money.
Nissan sold 3.44 million cars all over the world last year. Their sales went up in the U.S., Japan, and Europe, but they went down by 24% in China. In the future, Nissan hopes to sell even more cars, especially in China, the U.S., Japan, and Europe.
In Tokyo, Nissan’s shares went up by 0.9% after they announced their earnings.
