Nissan to invest $17.6 billion over next five years on proprietary battery development
CBSN
Nissan said Monday it is investing 2 trillion yen ($17.6 billion) over the next five years on developing a less expensive yet more powerful battery to boost its electric vehicle lineup.
Makoto Uchida, the Japanese automaker's chief executive, said 15 new electric vehicles will be available by fiscal 2030. Nissan Motor is aiming for a 50% "electrification" of the company's model lineup, under what Uchida called the "Nissan Ambition 2030" long-term plan. Electrified vehicles include hybrids and other kinds of environmentally friendly models other than just electric vehicles.
"Nissan will continue to evolve its lithium-ion battery technologies and introduce cobalt-free technology to bring the cost of battery packs ... by 2028," the company stated in a press release. With automakers pledging to soon make most of their vehicles electric, lithium demand is expected to increase as much as tenfold in the next decade.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
Tesla stock was climbing ahead of the market open, signaling a potential comeback after an online spat between President Trump and Tesla CEO Elon Musk sent stocks plunging yesterday. Share prices were up 4.5% before the bell Friday.
It's the rematch the horse racing world is clamoring for as Preakness Stakes winner Journalism takes on Kentucky Derby winner Sovereignty tomorrow night at the 2025 Belmont Stakes in Saratoga Springs, New York.
Two men have been convicted in Malta of supplying the explosives that killed journalist Daphne Caruana Galizia in the Mediterranean island state in 2017.
Many undocumented immigrants who went to their Immigration and Customs Enforcement (ICE) check-in appointments at a federal building in Los Angeles this week were taken into custody and brought to the basement and held there, some overnight, according to immigration lawyers and family members.
The Belmont Stakes is set to host a rematch in New York on Saturday of the top three finishing horses from the Kentucky Derby to close out horse racing's Triple Crown for 2025.
The alliance between President Trump and Elon Musk went up in flames Thursday, days after the world's richest man left the administration and tried to wield his influence to kill a massive budget bill that is central to enacting the president's top legislative priorities.
Shari Redstone, chair of Paramount Global, has been diagnosed with thyroid cancer, a spokesperson for Redstone confirmed Thursday.
Harvard University is challenging President Trump's move to block foreign students from coming to the United States to attend the Ivy League school, calling it illegal retaliation for Harvard's rejection of White House demands.
The Trump administration issued sanctions on four individuals serving as judges of the International Criminal Court, citing the court's "politicization and abuse of power," after one ruling authorizing an arrest warrant for Israeli Prime Minister Benjamin Netanyahu and another targeting the actions of U.S. personnel in Afghanistan.
Tesla shares plunged on Thursday as an increasingly bitter spat between CEO Elon Musk and President Trump erupted in public, with Mr. Trump suggesting the federal government could strip Musk's companies of their federal contracts.
Arrests by Immigration and Customs Enforcement during President Trump's second term topped 100,000 this week, as federal agents intensified efforts to detain unauthorized immigrants in courthouses, worksites and communities across the U.S., internal government data obtained by CBS News shows.
Washington — A homeland security official who served during President Trump's first term and who authored an anonymous op-ed criticizing him is speaking out after he was targeted by the president in an executive memo.
A top Immigration and Customs Enforcement official on Thursday detailed what she said were deplorable and unsafe conditions faced by ICE staff and a group of migrants with criminal records who were transferred to a U.S. military base in the African country of Djibouti after a federal judge blocked officials from deporting them to South Sudan.