Nissan alliance to invest $25B in electric vehicles over 5 years

By Agence France-Presse

Jan 27, 2022 7:23 pm

TOKYO: The Nissan auto alliance said Thursday it will invest more than $25 billion in electric vehicles over the next five years, marking the latest massive cash injection into the fast-growing sector by the auto industry.

Nissan, Renault and Mitsubishi Motors said the latest outlay followed $11 billion already spent on its 'offensive strategy in electrification', promising 35 new electric models by 2030.

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