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Nissan plans to build second U.S. battery plant, Gupta says - Reuters

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TOKYO, Feb 27 (Reuters) - Nissan Motor Co Ltd (7201.T) on Monday lifted its targets for sales of electrified cars and said it would build a second U.S. battery plant, as the automaker looks to catch up in an industry increasingly dominated by newer players such as Tesla.

Nissan, although a pioneer in electric vehicles with its battery-powered Leaf, has struggled - like many legacy automakers - in the face of increasing competition from Tesla and other newer entrants.

Nissan now aims to have electrified vehicles - which include its advanced hybrid e-power cars - to make up more than 55% of its global sales by fiscal 2030, from a previous forecast of 50%, it said.

It plans 27 new electrified vehicles by that year, with 19 of those battery EVs, it said in a statement. Previously it had forecast 23 electrified vehicles and 15 EVs.

The company also plans to establish a second battery plant in the United States to help it meet requirements for the Inflation Reduction Act, Chief Operating Officer Ashwani Gupta said on Monday.

Reporting by Rocky Swift; Editing by David Dolan and Jacqueline Wong

Our Standards: The Thomson Reuters Trust Principles.

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