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Nissan to Invest $17.6B in EV, Battery Development

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Nissan

Nov. 30, 2021—Nissan on Monday announced it will invest $17.6 billion over the next five years into its EV lineup.

According to a report from The Detroit News, the investment will focus on creating a "cheaper, more powerful" EV battery to boost the Japanese automaker's electric lineup.

Nissan CEO Makoto Uchida has previously said the company plans to have 15 new EV models available by 2030 and is "aiming for a 50 percent 'electrification' of the company’s model lineup."

"The effort is focused mainly on electric vehicles to cut emissions and meet various customers’ needs," Uchida said via the report. "Nissan also will reduce carbon emissions at its factories"

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