Nissan Motor say to spend $17.6 billion to accelerate electrification -Breaking – Street Register

© Reuters. FILE PHOTO : The Nissan Motor logo was displayed at a Nissan Pavilion preview in Yokohama for their new Ariya all battery SUV. It is south of Tokyo. July 14, 2020. REUTERS/Issei Kato

TOKYO, Reuters – Nissan Motor Co Ltd (OTC) on Monday announced that it will spend 2 trillion yen (or $17.59 billion) in the next five year to increase vehicle electrification. It hopes tighter carbon emission restrictions will encourage demand for hybrids and electric vehicles.

In a press release, the company stated that it would introduce 23 electrified cars by 2030. This includes 15 electric vehicles (EV). In a press release, the company stated it intended to launch all solid-state battery technology by March 2029.

In an online presentation, Makoto Uchida, Chief Executive Officer stated that “We will continue our efforts to democratize electrification.”

($1 = 113.7000 yen)

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