Connect with us

Hi, what are you looking for?

Top Stories


Nissan to invest billions in Sunderland plant to drive electric car revolution

Nissan’s vast carmaking plant at Sunderland will be at the centre of a GBP13 billion investment in developing electric vehicles.

The Japanese carmaker said yesterday that its British factory “would take the lead towards electrification” as it announced investment that will help to develop 23 new electric models by 2030.

“Europe will take the lead on electrification around the world for Nissan,” Ashwani Gupta, the group’s chief operating officer, said in Japan. “In Europe, Sunderland is the one which will take the lead towards electrification.”

The sprawling Sunderland site is Britain’s biggest car factory, employing about 6,000 people. It produces the Nissan Qashqai, one of the most popular cars in Britain, as well as the leaf, the world’s bestselling electric car.

Yesterday the carmaker also released more details and concept images for its new crossover electric vehicle — dubbed the Nissan Chill-Out — that it will be producing in Sunderland, a car that Gupta called “the shape of things to come”, featuring “sleek design, energising driving, advanced safety technologies and a productive and comfortable interior space”.

This year Nissan announced a GBP1 billion investment in a battery manufacturing plant as well as updates to the Sunderland factory to produce new electric models. Boris Johnson hailed the move as a “pivotal moment” in Britain’s “electric vehicle revolution” and said that it was a vote of confidence in the country after Brexit.

Nissan has said that it will aim for half of its manufacturing output to be electric by 2030. It will be spending twice as much as it did in the previous decade to increase its share of the electric vehicle market in the face of competition from rivals such as Toyota and Tesla.

Makoto Uchida, chief executive of Nissan, said: “The role of companies to address societal needs is increasingly heightened.”

He said that Nissan would “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 said that it wanted to reduce lithium-ion battery costs by 65 per cent within eight years. It also plans to introduce all-solid-state batteries, with the potential to store more energy than lithium-ion batteries, by March 2029. Those commitments would make electric vehicles affordable to more drivers, Uchida said.

Read more:
Nissan to invest billions in Sunderland plant to drive electric car revolution

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Editor's Pick

The Board of Investments (BoI) has cleared Sinoma Energy Conservation (Cebu) Waste Heat Recovery Co. Inc. to serve as the operator of a 4.5-megawatt...


In the wake of Covid-19, people are working harder than ever. While many of us thought productivity may dip when we started working from...


Few individuals can resist the temptation to try before they buy; therefore, it was only a matter of time until online casinos realized this...

Editor's Pick

REUTERS WASHINGTON – The chair of the U.S. Senate Commerce Committee on Wednesday asked a regulator to investigate whether Meta Platforms’ Facebook misled its...

Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Secrets Of Richdads. All Rights Reserved.