UPDATE 1-Nissan targets 1-mln-vehicle sales growth over next three years

Nissan Motor said on Monday it would launch 30 new models by the financial year ending in March 2027 and aim to raise its global sales by 1 million vehicles while cutting costs to improve profitability. Announcing an update to its medium-term business plan, Japan's third-largest automaker by sales said it would target an operating profit margin of over 6% and total shareholder returns of more than 30% by then. Nissan was a pioneer in electric vehicles with its all-battery-powered Leaf but its EV efforts have been eclipsed by the likes of U.S. rival Tesla and Chinese leader BYD , including in the world's biggest car market, China.