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Nissan Unveils $18 Billion Electric-Vehicle Strategy

  • “Ambition 2030” plan marks Nissan’s biggest investment in EVs
  • Aims to make more than 50% of sales hybrid or electric by 2030
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WATCH: CEO Makoto Uchida discusses Nissan’s plan to invest 2 trillion yen ($17.6 billion) on electrification over the next five years.Source: Bloomberg
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Nissan Motor Co. will invest 2 trillion yen ($17.6 billion) over the next five years to electrify more of its lineup and turn battery-powered cars into a pillar of its long-term growth.

The Japanese automaker will introduce 23 new models by fiscal 2030, including 15 new electric vehicles, and aim for more than half of its sales to be electrified by then, the company said Monday.