Jan 25, 2022 06:33 PM

Nissan, Renault and Mitsubishi to Invest $26 Billion in EVs, Solid-State Batteries

Photo: VCG
Photo: VCG

(Nikkei Asia) — The automotive alliance formed by Nissan Motor, Renault and Mitsubishi Motors will invest a combined 3 trillion yen ($26.3 billion) through fiscal 2026 mainly into developing electric vehicles and new solid-state batteries that are expected to triple driving ranges.

The three automakers are expected to announce the plans on Thursday, which will include rolling out at more than 30 EV models in total through fiscal 2030 using jointly developed platforms.

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