Nissan To Invest About $17.6 Bln Over Next Five Years To Accelerate Electrification

(RTTNews) - Japan's Nissan Motor Co., Ltd. (NSANF.PK, NSANY.PK) plans to invest 2 trillion yen or about $17.6 billion over the next five years to accelerate the electrification of its vehicle lineup and rate of technology innovation.

The company unveiled Nissan Ambition 2030, the company's new long-term vision for empowering mobility and beyond. The vision supports the company's goal to be carbon neutral across the life cycle of its products by fiscal year 2050, Nissan said in a statement.

The company plans to hire more than 3,000 employees in advanced research and development globally while continuing to upskill its current workforce. The company will also build on collaboration across the Alliance to enable cost-savings and shared expertise in areas such as carbon-neutral technologies, electrification, software and services.

Nissan said it will introduce 23 new electrified models, including 15 new electric vehicles or EVs by fiscal year 2030 aiming for an electrification mix of more than 50% globally across the Nissan and INFINITI brands.

With the introduction of 20 new EV and e-POWER equipped models in the next five years, Nissan intends to increase its electrification sales mix across major markets by fiscal year 2026, including europe by more than 75% of sales, the United States by 40% of EV sales in fiscal year 2030.
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