Nissan will invest 2 trillion yen (NZ$25.85 billion) in the next five years to accelerate an electric vehicle plan with 23 new entries worldwide by the end of the decade.

Nissan CEO Makoto Uchida also outlined the targets along with the breakthrough development of solid-state batteries. 

The plan is called Nissan Ambition 2030 and at the announcement, Uchida-san also gave a sneak peek at three electric vehicles concepts.

They include a compact all-electric pickup truck called the Surf-Out that is envisioned as an outdoorsy activity vehicle. The others are a sleek, bullet-shaped, open-top sporty model called the Max-Out and a squat utility vehicle called the Hang-Out.

The Surf-Out will also be popular for Nissan New Zealand due to the Government’s announcement of reducing CO2.

All three are envisioned as running on next-generation solid-state batteries, which Nissan said will enable more creative designs and better uses of interior spaces.

Nissan is aiming for a global electrification mix of 50 percent across the Nissan and Infiniti brands by the fiscal year ending March 31, 2031.