January 20, 2022

Nissan invests 15 billion euros over five years to accelerate the electrification of its cars

Posted on Nov 29, 2021 at 6:49 amUpdated Nov 29, 2021, 8:47 AM

After rebalancing its accounts and regaining some profitability, Nissan announced on Monday that it would deploy a vast investment plan to accelerate the electrification of its vehicles. “Now that Nissan is out of the crisis, the time has come to change gears,” repeated Makoto Uchida, the CEO of the Japanese manufacturer, before indicating that his company would release 2,000 billion yen (15.5 billion d ‘euros) over the next five years to launch new electrified models, finance the development of a solid state battery and secure the production of conventional lithium ion batteries.

Between Western groups, such as Volkswagen, which are betting on a rapid extinction of the combustion engine, and Asian groups, such as Toyota, which are reluctant to rely heavily on electrics, Nissan proposes to choose the balance.

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