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Nissan to Spend $17.6 Billion on Battery-Powered Vehicles Over Five Years

Sean McLain reports for The Wall Street Journal on Nissan’s plans to invest in battery-powered vehicles.

The C3 Take
  • Nissan will invest $17.6 billion over the next 5 years to add 20 new EVs to its lineup.
  • Nissan will invest in solid state batteries and will also explore ways to reduce costs of its batteries by using alternative materials.
  • Nissan is showing that the private sector is best equipped to advance clean energy solutions.

“Beyond that, Nissan is investing more than $1 billion in solid-state batteries, which will replace the liquid electrolyte used in current lithium-ion batteries with a solid one. That technology allows batteries to be lighter and safer, Nissan said. The car maker aims to have its version in production by 2028.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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