Japanese automotive powerhouse Nissan announced a $17.6 billion spending plan, positioning EVs at the core of its long-term strategy, announced the company this Monday.
According to the company it will introduce 23 new electrified models including 15 new EVs by 2030. The plan also calls for the creation of a pilot production plant as soon as 2024 for all-solid-state lithium-ion batteries, which will reduce charging time by one-third, according to the company.
The company aspires to an electrification mix of more than 50% globally across Nissan and INFINITI brands by 2030, and will pushing electrification particularly in the European market aiming for an increase by more than 75% by 2026.
Nissan’s global sales were up 6% year-over-year from January to October 2021 with passenger vehicle sales up 10% and commercial vehicle sales down 15%.
EV sales have been booming this year with analysts from Wood MacKenzie predicting that 6 million EVs will have been sold by the end of 2021, after the number of EVs sold tripled year-over-year in 1H21.