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Automobiles

Nissan to invest nearly $18 billion to speed electric car rollout

Japanese automaker to introduce 23 new models, including 15 EVs

Electric vehicles are at the heart of plans unveiled by Nissan President and CEO Makoto Uchida during an online news conference. (Captured image from Nissan Youtube)

TOKYO -- Nissan Motor plans to invest 2 trillion yen ($17.6 billion) over the next five years to accelerate its electric vehicle business, as the race to tap surging customer demand for greener cars heats up.

The Japanese auto giant on Monday unveiled its "Nissan Ambition 2030" plan, outlining its long-term goals and investment strategy for battery development and the rollout of EVs.

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