Nissan plans to invest £13.2 billion worldwide on electrification

17th Dec 2021

Nissan plans to invest £13.2 billion  worldwide on electrification

As car makers across the globe ratchet-up their EV production plans, Nissan - a pioneer of electric vehicle design and development - will launch over 20 new electrified vehicles including 15 new all-electric models (EVs), spending a staggering £13,2 billion on design, development and infrastructure during the next 10 years.

In what it calls its ‘Nissan Ambition 2030’, the company’s investment programme will deliver a range of electric vehicles and technology innovations across its global operations. Its goal is to become carbon neutral by 2050.

In addition Nissan, by placing electrification at the core of the company’s long-term strategy, will also continue to evolve its lithium battery technologies, focussing on cobalt-free technology, bringing down the cost by 65% by 2028.

Nissan CEO Makoto Uchida stated: “The role of companies to address societal needs is increasingly heightened. With Nissan Ambition 2030, we will drive the new age of electrification, advance technologies to reduce our carbon footprint and pursue new business opportunities. We want to transform Nissan to become a sustainable company that is truly needed by customers and society.”

Note: Nissan’s announcement comes hot on the heels of Tesla owner, Elon Musk’s promise to sell over 1 million electric cars in 2022.


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