Nissan Motor Co. said Monday it planned to spend $17.6 billion over the next five years as part of a plan to add 20 new battery-powered vehicles to its lineup.
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TOKYO— Nissan Motor Co. 7201, -3.82% said Monday it planned to spend $17.6 billion over the next five years as part of a plan to add 20 new battery-powered vehicles to its lineup.
The company hopes to recapture some of the prominence it formerly held in the electric-vehicle race after its pioneering introduction of the Leaf EV more than a decade ago. Investors have given a boost to the share prices of car companies that are betting big on EVs, including relative newcomers such as Tesla Inc. TSLA, -3.05%, and industry stalwarts like Ford Motor Co. F, -2.47% and Volkswagen AG VOW, -3.58%.
