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Nissan to spend $ 17.6 billion on battery vehicles over five years

TOKYO – Nissan Motor Co. announced Monday that it plans to spend $ 17.6 billion over the next five years by adding 20 new battery-powered vehicles to its lineup.

The company hopes to regain some prominence in the electric vehicle race after its pioneering introduction of the Leaf EV more than a decade ago. Investors raised the stock prices of automakers who bet big on electric vehicles, including relative newcomers such as Tesla Inc. and industry stalwarts like Ford Motor Co. and Volkswagen AG.

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