Nissan Alliance Set To Triple EV Investment

Akihabara News (Tokyo) – In a joint effort, Nissan, Mitsubishi Motors, and Renault are expected to invest ¥3 trillion (US$26.3 billion) in a new series of electric vehicles. This hefty sum triples that of initial plans.

Dubbed it the “Alliance 2030,” thirty new EV models are envisioned, aiming to make EVs more common and affordable. Alliance 2030 is committed to bringing the price of EVs down to the levels of comparable gasoline-fueled vehicles.

Nissan will be supplying the lithium-ion batteries for the new rollouts, expecting that standardization across all models will help keep prices low.

Nissan and its allies are hoping that this initiative can help it turn the page from damaging headlines related to former boss Carlos Ghosn.

The Nissan Leaf was the world’s all-time best selling plug-in electric car from 2010-2019, when it was surpassed by the Tesla Model 3.

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