Nissan Motor say to spend US$17.6 billion to accelerate electrification
TOKYO : Nissan Motor Co Ltd on Monday said it plans to spend
2 trillion yen (US$17.59 billion) over the next five years to accelerate
vehicle electrification as it bets tighter restrictions on carbon emissions
will spurs demand for electric cars and hybrids.
The company in a press release said it will introduce 23
electrified vehicles by 2030, including 15 electric vehicles (EV). It also said
it planned to introduce all solid-state batteries by March 2029.
"We will advance our effort to democratise
electrification," Chief Executive Officer Makoto Uchida said in an online
presentation.
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