Nissan plans to invest $17.6 billion on EV development over the next 5 years
As the global adoption of electric vehicles accelerates due to rising gasoline and diesel prices, Nissan announced that it would invest $17.6 billion.
As the global adoption of electric vehicles accelerates due to rising gasoline and diesel prices, Nissan announced on Monday that it would invest $17.6 billion (2 trillion yen) over the next five years in developing new EVs and battery technology.
Nissan unveiled its ‘Nissan Ambition 2030’ strategy, announcing that by the fiscal year 2030, it will launch 23 new electrified cars, including 15 new EVs, with a 50 per cent electrification mix.
“We will drive the new age of electrification, advance technologies to reduce carbon footprint and pursue new business opportunities. We want to transform Nissan to become a sustainable company that customers and society truly need,” said Makoto Uchida, Nissan CEO.
Nissan plans to produce innovative electric vehicles and technical advancements while expanding its global operations during the next ten years. Nissan’s ambition to be carbon neutral across the life cycle of its goods by the fiscal year 2050 is supported by this vision.
Nissan plans to grow its electrification sales mix across major markets by more than 75 per cent by 2026, including Europe. Japan by more than 55% of sales, China by more than 40% of sales. The United States by 40% of EV sales in the fiscal year 2030, introducing 20 new EV and e-POWER equipped models in the next five years.
Nissan also introduced three new concept cars that offer superior experiences through smart technology packaging, representing the next step of the company’s electric future.
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