TOKYO— Nissan Motor Co. stated Monday it plans to spend $17.6 billion over the following 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 automotive makers which are betting large on EVs, together with relative newcomers equivalent to Tesla Inc. and business stalwarts like Ford Motor Co. and Volkswagen AG .