Renault, Nissan Motor, Mitsubishi Motors Pledge EUR23 Billion EV Investment
January 27 2022 - 3:49AM
Dow Jones News
By Kim Richters
Auto makers Renault SA, Nissan Motor Co. and Mitsubishi Motors
Corp. will spend 23 billion euros ($25.85 billion) on
electrification over the next five years.
The investment is part of a plan announced by the
French-Japanese alliance partners Thursday, which updates on the
car makers' electric-vehicle strategy.
The companies said they plan 35 new electric-vehicle models and
a total of 220 gigawatt hours of battery production capacity for
electric vehicles across their key production sites world-wide,
both by 2030.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
January 27, 2022 03:34 ET (08:34 GMT)
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