Nissan alliance to invest $25bn in electric vehicles

MG News | January 27, 2022 at 02:24 PM GMT+05:00

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January 27, 2022: The Nissan auto alliance said on Thursday that it will invest 23 billion euros ($25.7 billion) into electric vehicles over the next five years as the auto industry pours resources into the sector.

Nissan, Renault and Mitsubishi Motors said the latest investment followed more than 10 billion euros already spent on its "offensive strategy in electrification" and would lead to 35 new electric models by 2030.

AFP/APP

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