Get all your news in one place.
100's of premium titles.
One app.
Start reading
Birmingham Post
Birmingham Post
Business
Neil Shaw

Nissan announces £13.2bn investment in electric vehicle production

Nissan has announced plans to spend more than £13bn on developing electric vehicles and says it will replicate the model of its Sunderland plant worldwide.

At a news conference in Japan the car manufacturer revealed it will develop 23 new electric models and will aim for half of its global output to be made up of electric vehicles by 2030.

Earlier this year it announced its EV360Zero system in Sunderland, bringing together a new battery plant and locally sourced green energy to power production, and the firm said it will expand the concept in other markets around the world.

Read more: go here for more automotive news

Nissan said it will spend two trillion yen, around £13.2bn, on electric vehicles over the next five years.

Chief executive Makoto Uchida said: “The role of companies to address societal needs is increasingly heightened.

“With Nissan Ambition 2030, we will drive the new age of electrification, advance technologies to reduce carbon footprint and pursue new business opportunities.

“We want to transform Nissan to become a sustainable company that is truly needed by customers and society.”

Nissan has plans to bring in all-solid-state batteries by 2028, which will be one-third quicker to charge. It wants three-quarters of the cars it sells in Europe to be electric by 2026, though lower targets have been set for Japan, China and the US.

It also intends to create around 3,000 jobs around the world in advanced research and development, as well as continuing to improve the skills of its current workforce.

Chief operating officer Ashwani Gupta Ashwani Gupta stressed the importance of the Sunderland plant for their plans.

He said: “Europe will take the lead on electrification around the world for Nissan. In Europe, Sunderland is the one which will take the lead towards electrification.”

He said it was not only leading in electric vehicle production, but also battery manufacture and green power with its EV36zero build hub, the concept it announced with Government support in the summer.

Mr Gupta said: “Sunderland is the leader, in collaboration with the Government, suppliers, dealers and most importantly, our employees.”

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.