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Nissan to invest £13bn on speeding switch to electric cars
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Nissan is to invest almost 2tn yen (£13.2bn) into vehicle electrification over the next five years, including a key role for its plant in Sunderland, in its battle with rival traditional carmakers and specialists such as Tesla.
The Japanese car manufacturer, which launched one of the world’s first mass market eclectic vehicles (EVs) with its Leaf model a decade ago, said it would introduce 23 “electrified” vehicle models by 2030, with 15 of them fully electric. The remainder would be hybrids.
“The role of companies to address societal needs is increasingly heightened,” said the Nissan chief executive, Makoto Uchida. “We will drive the new age of electrification, advance technologies to reduce carbon footprint and pursue new business
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