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.
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When the charred remains of prominent commercial real estate attorney Gary Farris were discovered on a burn pile with a bullet lodged in a rib bone, detectives knew they were facing a homicide investigation. The crime scene was on a sprawling 10-acre property in Cherokee County, Georgia, where Gary Farris lived with his wife Melody and their son Scott.
A private equity executive turned his New York City apartment into a torture chamber of "grotesque sexual violence," Manhattan prosecutors said Thursday. Ryan Hemphill is accused of raping six women over five months in a depraved rampage in which he allegedly punched, waterboarded and shocked victims with a cattle prod and kept recordings of the assaults as trophies.
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Avelo Airlines is targeting a new passenger segment: migrants being sent to detention centers across the U.S. The budget carrier will also use its planes to fly migrants out of the country under the Trump administration's hardline immigration policies.
Former President Joe Biden, who maintained a close working and personal relationship with Pope Francis dating back to the late pontiff's visit to the United States in 2015, is expected to attend the papal funeral on Saturday in Vatican City, according to multiple people with knowledge of his plans.
More than 2,000 Confederate symbols are still standing in public spaces across the U.S., according to a report released Thursday by the Southern Poverty Law Center.
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President Trump posted on social media Thursday morning to express he's "not happy" with the Russian strikes on the Ukrainian capital Kyiv, calling the strikes "very bad timing" amid peace negotiations and telling Russian President Vladimir Putin to "STOP!"