Nissan is investing billions in electrification

Nissan

The car manufacturer wants to introduce 23 new electric models in the next ten years.

(Photo: dpa)

Yokohama The Japanese Renault partner Nissan wants to advance the electrification of its car fleet with investments of billions. As the group announced on Monday, two trillion yen (around 15.6 billion euros) will be invested for this purpose over the next five years.

The new long-term strategy called “Nissan Ambition 2030” includes the introduction of 23 new electric models by the 2030/2031 financial year (April 1). By then, more than half of the global fleet of the Nissan and Infiniti brands will consist of vehicles with electric drive, as the company further announced.

“With Nissan Ambition 2030 we will drive the new era of electrification,” said Nissan boss Makoto Uchida. E-cars from German manufacturers are also becoming increasingly popular. According to a study published in August by the management consultancy PwC, the market for fully electric cars is currently still dominated by Chinese and US manufacturers.

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