Nissan Stock Is Falling. It’s Going to Spend Billions to Catch Up in the EV Race.

Nissan Stock Is Falling. It’s Going to Spend Billions to Catch Up in the EV Race.
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Nissan Motor said Monday that it will spend 2 trillion yen ($17.59 billion) over the next five years to accelerate its switch to electric vehicles and try to catch up with the competition. The Japanese car maker plans to launch 15 fully electric vehicles amid a fleet of 23 “electrified” vehicles. CEO Makoto Uchida said in an online presentation that Nissan’s goal was to “advance [its] effort to democratize electrification.”

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