Nissan announces £13.2bn investment in electric vehicle production

The Japanese car giant, which runs a manufacturing plant in Sunderland, has laid out its plans for the future.

Tom Wilkinson
Monday 29 November 2021 06:56
Nissan has announced plans to invest billions in electric car production (PA)
Nissan has announced plans to invest billions in electric car production (PA)

Nissan has announced plans to spend more than £13 billion on developing electric vehicles.

At a news conference in Japan the car manufacturer, which has a major plant in Sunderland revealed it will develop 23 new electric models by 2030.

By that time, the firm aims for half of its global output to be made up of electric vehicles.

Nissan announced plans for electric battery production and green power at its Sunderland plant earlier this year (PA)

Nissan said it will spend two trillion yen, around £13.2 billion, 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.

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.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in