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PRIVACY
Manufacturing

Nissan announces £13.2bn investment in electric vehicle production

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

The Nissan Plant at Sunderland (Image: Andy Commins / Daily Mirror)

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.

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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.”