Renault, Nissan and Mitsubishi, the world’s car giants are to invest billions in electric vehicles as announces on Thursday. They will jointly launch 35 new electric vehicles in the coming 5 years. They further suggested that there will be a huge increase in global battery production. This will lead to increasing sustainable mobility across the globe at an increasingly affordable price. The alliance aims to become carbon neutral by 2050. They aim to deliver more ‘value’ to the customers, shareholders and stakeholders.
Is this a good investment, why/ why not?