Nissan to spend £13bn on new EVs and improved battery production

At a news conference in Japan, Nissan executives explained that the automaker is pressing ahead to “democratise” EVs by producing a wide and attractive electric offering in the next decade. This strategy is known as “Nissan Ambition 2030”.

Gupta said Nissan would spend ¥2tn (£13.2bn) on EVs over the next five years. It has set an EV sales target of 75 per cent of European sales by fiscal year 2026 and 40 per cent of sales in the US by 2030. It also aims for half of its overall output to be electric by the end of the decade.