TOKYO— Nissan Motor Co. mentioned Monday it plans to spend $17.6 billion over the subsequent 5 years because it provides 20 new battery-powered autos to its lineup.
The corporate hopes to recapture a level of the prominence it held within the electric-vehicle race after its pioneering introduction of the Leaf EV greater than a decade in the past. Buyers have boosted the share costs of automobile makers which might be betting huge on EVs, together with relative newcomers reminiscent of Tesla Inc. and business stalwarts like Ford Motor Co. and Volkswagen AG .
