Nissan says it expects to have a solid-state battery in an electric vehicle (EV) by 2028 as it targets 2 trillion yen ($18 billion) of spending on EVs over the next five years.
The Japanese automaker said that it would have a pilot plant in Yokohama to produce its in-house solid state batteries by 2024 and expects costs to reach as low as $65 a kilowatt-hour at the pack level.
“We all know that batteries will be the key to transition to full electrification,” Makoto Uchida, Nissan’s chief executive, said.
Nissan is the latest automaker betting . . .