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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Nissan Motor Co., Ltd.    7201   JP3672400003

NISSAN MOTOR CO., LTD.

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Nissan, Renault partner with Uber to provide discounted EVs in Europe

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09/09/2020 | 02:48am EDT

Nissan Motor Co. and Renault SA said Tuesday they have partnered with Uber Technologies Inc. to provide discounts on the purchase of electric vehicles for drivers working for the rideshare company in Europe.

The announcement came as the U.S.-headquartered Uber said Tuesday it plans to have all ride-hailing services operating in electric vehicles by 2030 in the United States, Canada and Europe.

The companies said they will not only offer discounts on the existing Nissan Leaf and Renault Zoe models, but also on EVs to be released in the future. The initiative is aimed at increasing awareness among Uber drivers about the utility of zero-emission vehicles.

The new scheme follows a successful pilot project in London between Nissan and Uber earlier this year, in which the Japanese automaker pledged to offer 2,000 Leaf EVs to Uber drivers at less than the sticker price. It aims to extend the pilot into France, the Netherlands, Portugal and other markets.

"Making the switch can help drivers save money and support the clean air ambitions of our major cities," Jordi Vila, divisional vice president for sales and marketing at Nissan Europe, said in a statement.

Uber, which has committed $800 million to help drivers transition to EVs, has teamed up with General Motors Co. on similar initiatives in the United States and Canada.

==Kyodo

© Kyodo News International, Inc., source Newswire


Stocks mentioned in the article
ChangeLast1st jan.
NISSAN MOTOR CO., LTD. -2.76% 374.1 End-of-day quote.-41.19%
RENAULT -7.67% 20.935 Real-time Quote.-46.08%
UBER TECHNOLOGIES, INC. -3.31% 33.33 Delayed Quote.11.06%
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Financials
Sales 2021 7 805 B 74 808 M 74 808 M
Net income 2021 -538 699 M -5 163 M -5 163 M
Net Debt 2021 6 289 B 60 273 M 60 273 M
P/E ratio 2021 -2,71x
Yield 2021 -
Capitalization 1 464 B 14 019 M 14 030 M
EV / Sales 2021 0,99x
EV / Sales 2022 0,89x
Nbr of Employees 136 134
Free-Float 45,6%
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Technical analysis trends NISSAN MOTOR CO., LTD.
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TrendsNeutralNeutralBearish
Income Statement Evolution
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Mean consensus UNDERPERFORM
Number of Analysts 21
Average target price 436,11 JPY
Last Close Price 374,10 JPY
Spread / Highest target 296%
Spread / Average Target 16,6%
Spread / Lowest Target -46,5%
EPS Revisions
Managers
NameTitle
Makoto Uchida Executive President & Chief Executive Officer
Yasushi Kimura Chairman
Ashwani Gupta COO & Representative Executive Officer
Stephen Ma Chief Financial Officer & Executive Officer
Anthony Thomas Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
NISSAN MOTOR CO., LTD.-41.19%14 416
TOYOTA MOTOR CORPORATION-9.76%186 381
VOLKSWAGEN AG-25.10%80 788
DAIMLER AG-4.68%59 582
GENERAL MOTORS COMPANY-4.67%49 931
BMW AG-15.96%46 930