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Nissan posts profit in the first half of 2021

Nissan Motor on Wednesday reported growing demand for their vehicles in the United States and first-quarter operating profit.

The automaker reported an operating profit of 75.68 billion yen ($688.6 million) for April-June, compared with a 153.93 billion yen loss for the same months a year ago.

In June, CEO Makoto Uchida said at the automaker’s annual general meeting that he aimed to avoid at any cost having net losses for three years in a row.

This month also saw an increase in Nissan’s investment in electric vehicles. The automaker this month announced a $1.4 billion investment in a new electric vehicle and battery plant in Northern England.

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