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Automobiles

Nissan-Renault to spend $26bn on EVs, solid-state batteries

Automakers will adopt uniform semiconductor designs to counter global chip crunch

Nissan's Ariya is its second EV model. The automaker plans to introduce 15 new EV models over the next five years. (Photo courtesy of Nissan)

TOKYO -- The automotive alliance formed by Nissan Motor, Renault and Mitsubishi Motors will invest a combined 3 trillion yen ($26.3 billion) through fiscal 2026 mainly into developing electric vehicles and new solid-state batteries that are expected to triple driving ranges.

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