Nissan to spend 2 tril. yen over 5 yrs to spur electrification

Nissan Motor Co. said Monday it will spend about 2 trillion yen ($16 billion) over the next five years on its electrification push, aiming to make over half of its global vehicle lineup by fiscal 2030 battery-powered or hybrid.Nissan, which like other global automakers is transitioning toward electrified cars to play its part in global efforts to reduce carbon dioxide emissions, said in its long-term vision it will launch by fiscal 2028 an electric vehicle with all-solid-state batteries that are expected to be safer and give vehicles longer range.By fiscal 2030, 23 electrified cars, includi…READ FULL ARTICLE