Business

Nissan plans to spend $17.6 billion on battery-powered cars over 5 years

TOKYO— Nissan Motor Co.
7201,
-4.48%

said on Monday that it plans to spend $17.6 billion over the next five years as part of a plan to add 20 new battery-powered vehicles to its product line.

The company hopes to recapture some of the highlights it previously held in electric car racing after pioneering the introduction of the Leaf EV more than a decade ago. Investors boosted the share price of car companies are betting big on electric cars, including relative newcomers like Tesla Inc.
TSLA,
-3.05%
,
and successful industry players like Ford Motor Co.
NS,
-2.47%

and Volkswagen AG
VOW,
-3.58%
.

https://www.marketwatch.com/story/nissan-plans-to-spend-17-6-billion-on-battery-powered-vehicles-over-5-years-11638149114?rss=1&siteid=rss Nissan plans to spend $17.6 billion on battery-powered cars over 5 years

snopx

Inter Reviewed is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@interreviewed.com. The content will be deleted within 24 hours.

Related Articles

Back to top button