NISSAN MOTOR (ADR) $17.41 (Nasdaq symbol NSANY; TSINetwork Rating: Above Average) (310- 771-3111; www.nissan-global.com; ADRs outstanding 2.3 billion; Market cap: $38.8 billion; Yield: 3.4%) is Japan’s secondlargest automaker, after Toyota and ahead of Honda.
For 2016, Nissan extended the range of its Leaf electric car to 172 kilometres from 135 kilometres. The 25% increase comes from a more powerful 30-kilowatt battery, up from 24 kilowatts.
Despite the increased range, battery recharging times and a shortage of refuelling stations may limit sales for all electric car makers—not just Nissan. Low gas prices also make gas-powered vehicles more competitive.
Nissan sold just 1,347 of the $40,000-and-up (before subsidies) cars in the U.S. in December 2015, down sharply from 3,102 a year earlier. However, fortunately for the company, it sold a record 139,300 vehicles in the U.S. in the quarter, up 18.7% from 117,318 in December 2014.
Nissan is still a buy.