TOKYO— Nissan Motor Co.
7201,
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,
and industry stalwarts like Ford Motor Co.
F,
and Volkswagen AG
VOW,
This post was originally published on Market Watch
