auto

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)

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts, buy/sell signal, data, etc. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.  Learn more