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The Wall Street Journal: Nissan plans to spend $17.6 billion on battery-powered vehicles over 5 years – Vested Daily
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The Wall Street Journal: Nissan plans to spend $17.6 billion on battery-powered vehicles over 5 years

TOKYO— Nissan Motor Co.
7201,
-4.63%
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,
-3.05%,
 and industry stalwarts like Ford Motor Co. 
F,
-2.47%
and Volkswagen AG
VOW,
-3.58%.

This post was originally published on Market Watch

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