{"id":36921,"date":"2023-11-24T14:32:03","date_gmt":"2023-11-24T14:32:03","guid":{"rendered":"https:\/\/microloannexus.com\/investing\/nissan-will-invest-1-4b-to-build-new-evs-in-britain\/"},"modified":"2023-11-24T14:32:04","modified_gmt":"2023-11-24T14:32:04","slug":"nissan-will-invest-1-4b-to-build-new-evs-in-britain","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=36921","title":{"rendered":"Nissan will invest $1.4B to build new EVs in Britain"},"content":{"rendered":"
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\u00a9 Reuters. Nissan will invest $1.4B to build new EVs in Britain<\/span>
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Nissan (OTC:) announced Friday that the company has committed to invest 1.12 billion pounds ($1.4 billion) in its British manufacturing facility.<\/p>\n

The substantial investment aims to produce electric variants of two current Nissan models, providing a significant lift to the UK’s automotive sector. The plan also aligns with the Prime Minister’s efforts to entice foreign capital into the country.<\/p>\n

The Japanese automaker outlined plans to create electric versions of the Qashqai and Juke, produced in Sunderland, northeast England. The plan will require a total investment of up to 2 billion pounds, including a third battery plant in Britain and infrastructure projects partially financed by partners.<\/p>\n

The project is expected to receive government support.<\/p>\n

For years, Nissan has been producing its electric Leaf model in Sunderland and will continue production, sourcing batteries from a small plant located on the site.<\/p>\n

In 2021, Nissan unveiled a substantial $1.4 billion investment plan aimed at constructing a second 9 gigawatt-hour (GWh) battery plant in Sunderland through a collaboration with Chinese partner Envision AESC.<\/p>\n

This significant deal marks the commencement of Prime Minister Rishi Sunak’s Global Investment Summit scheduled for next week. During this summit, Sunak aims to rekindle interest from international companies.<\/p>\n

“Making the UK the best place to do business is at the heart of our economic plan,” Sunak said in a statement on Friday.<\/p>\n

Nissan\u2019s investment in EVs comes despite the five-year delay to a ban on sales of new gas powered cars, which Sunak announced in September.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Nissan will invest $1.4B to build new EVs in Britain Nissan (OTC:) announced Friday that the company has committed to invest 1.12 billion pounds ($1.4 billion) in its British manufacturing facility. The substantial investment aims to produce electric variants of two current Nissan models, providing a significant lift to the UK’s automotive sector.<\/p>\n","protected":false},"author":1,"featured_media":36922,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[32],"class_list":{"0":"post-36921","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing","8":"tag-featured"},"yoast_head":"\nNissan will invest $1.4B to build new EVs in Britain | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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