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4-Traders Homepage  >  Equities  >  Tokyo  >  Nissan Motor Co Ltd    7201   JP3672400003

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Nissan Motor : rolls out ultra-compact electric vehicle

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03/26/2017 | 04:28am CEST

NISSAN Motor Co., Ltd. and the City of Yokohama are introducing a round-trip car sharing service featuring the Nissan New Mobility Concept, an ultra-compact electric vehicle.

The service, "Choimobi Yokohama," enables users who register online to pick up and return cars in 14 locations around Yokohama Station. Cars can be reserved 30 minutes in advance and can be driven within the city.

The service costs 250 yen per 15 minutes plus a 200 yen basic charge, with a maximum daily charge of 3,000 yen. Users need a Japanese driver’s license, a smartphone and a Japan-issued credit card. Registration is available on the Choimobi website: https://nissan-rentacar.com/choimobi-yokohama/. Nissan and the City of Yokohama previously conducted a two-year trial of Japan’s first one-way car sharing service using ultra-compact electric vehicles, starting in October 2013. The aim was to encourage low-emission transport options, improve the quality of transportation and promote tourism. In October 2015, the partnership began renting cars to local tour operators and businesses.

The new round-trip service is meant to further promote ultra-compact mobility and build a sustainable business model through public-private cooperation. The service will also include guided tours around central Yokohama and long-term car rentals for businesses.

Nissan and the City of Yokohama will continue usability and feasibility studies by encouraging various local entities to join the program.

As the leader in zero-emission mobility, Nissan continues to seek ways to harness ultra-compact electric vehicles to improve transportation and the quality of life. - SG

(c) 2017 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( JPY)
Sales 2017 11 612 039 M
EBIT 2017 700 000 M
Net income 2017 570 333 M
Debt 2017 5 104 393 M
Yield 2017 4,28%
P/E ratio 2017 7,84
P/E ratio 2018 7,09
EV / Sales 2017 0,85x
EV / Sales 2018 0,79x
Capitalization 4 752 525 M
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Mean consensus HOLD
Number of Analysts 22
Average target price 1 374  JPY
Spread / Average Target 22%
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NameTitle
Carlos Ghosn Bichara Chairman, President & Co-Chief Executive Officer
Hiroto Saikawa Vice Chairman & Co-Chief Executive Officer
Joseph G. Peter CFO, Head-Investor Relations & Accounting
Celso Guiotoko Chief Information Officer
Takao Asami Senior Managing Executive Officer & Head-Research
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