Nissan will invest more than $1 billion to make electric versions of its best-selling cars in the UK
Nissan is investing more than $1.3 billion to upgrade its factory in northeast England to produce electric versions of its two best-selling cars.
LONDON – Nissan will invest more than 1 billion pounds ($1.3 billion) to upgrade its factory in northeast England to produce electric versions of its two best-selling cars, a boost for the British government as it tries to revive the country’s faltering economy.
The Japanese carmaker makes the petrol-powered Qashqai and smaller Juke crossovers at the plant in Sunderland, which employs 6,000 workers.
The company said it is directly investing up to 1.12 billion pounds to produce an electric successor to the two models. The money will also enable “broader investment in infrastructure and supply chain projects, including a new mega-factory” at the site, the government said in a separate press release.
Prime Minister Rishi Sunak said: “Nissan’s investment is a massive vote of confidence in the UK car industry”, which contributes £71 billion a year to the economy.
The Qashqai is the second most popular car in the UK this year, while the Juke is seventh.
Makoto Uchida, Nissan’s president and CEO, said electric vehicles are “at the heart of our plans to achieve carbon neutrality.” He added: “With electrified versions of our core European models on the way, we are accelerating into a new era for Nissan, for the industry and for the industry. “Our customers.”
Nissan Motor Co. has set a goal to electrify its entire passenger car range in Europe by 2030, joining other carmakers making the transition to electric vehicle production, even as Sunak postpones the deadline to end the sale of new gas and diesel cars by five years. .
BMW said earlier this year that it is investing £600 million in its small factory in Oxford, England, to start manufacturing electric cars by 2026.
Stellantis, the parent company of British carmaker Vauxhall, is investing £100m to manufacture electric trucks and cars in northwest England.
(Tags for translation)Electric vehicles