Nissan to spend $18 billion developing a cheaper, more powerful EV battery

Read the full story at e360 Digest.

Over the next five years, Nissan Motor Company will put 2 trillion yen ($17.6 billion) toward developing a cheaper, more powerful battery to serve its expanded lineup of electric vehicles, the company announced Monday.

Nissan plans to unveil 15 new EV models by 2030, as well as an additional eight partially gas-powered models. Such vehicles will account for half of available models by the end the this decade under the “Nissan Ambition 2030” plan.

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