The Japanese company plans to add a third gigafactory and produce two additional models at its EV hub in Sunderland, it said Friday. "The additional two models, alongside an additional gigafactory and further investment for infrastructure projects, will result in an investment of up to £2 billion," the company said in a statement. "Nissan's plans for the future electric versions of Qashqai, JUKE, and the replacement for LEAF, will enable up to a £3 billion investment in the UK." Both vehicle and battery manufacturing facilities will use renewable electricity from wind and solar farms, Nissan added. It follows the GBP423 million investment Nissan announced in the first phase of EV36Zero, and builds on the company and its partners' initial GBP1 billion investment in the hub, the carmaker said.

Source: Wall Street Journal November 24, 2023 09:29 UTC