Asian Tech Press (Nov 29) -- Japan's third-largest automaker Nissan Motor Co Ltd announced Monday it will invest 2 trillion yen ($17.7 billion) over the next five years to accelerate the electrification of its vehicle lineup and turn electric vehicles into a pillar of the company's long-term growth.

The company said Monday it will launch 23 new models by fiscal 2030, including 15 new electric vehicles (EVs), and aims to sell more than half of its total vehicle sales by then.

(US$1 = 113.1308 yen)