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Manufacturing

Nissan and partners signal huge investment in electric vehicles

The alliance of Nissan, Renault and Mitsubishi is to invest €23bn to produce a number of new electric models

A Nissan Leaf being manufactured at the company's Sunderland plant(Image: Handout)

Car giant Nissan and its partners are to invest billions of pounds in electric vehicles over the next few years, they announced on Thursday.

The alliance of carmakers Nissan, Renault and Mitsubishi said they will jointly launch 35 new electric vehicles over the next five years based on five common platforms, including a successor to the Nissan Micra.

They also signalled a huge increase in global battery production.

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The declaration of intent follows an announcement last year that Nissan would manufacture a second electric vehicle at its plant in Sunderland, working with battery partners Envision AESC and Sunderland City Council to ensure production was fuelled by renewable energy.

That announcement and last week’s news that the Britishvolt plant at Cambois, Northumberland, is to go ahead means that the North East will have the first two battery-producing gigafactories in the º£½ÇÊÓÆµ.

Renault, Nissan and Mitsubishi have already invested billions of pounds in electric vehicles and the Alliance has announced it is accelerating that with a total of €23bn (around £19bn) more investment in the next five years on electrification.

Jean-Dominique Senard, chairman of the Alliance, told a news conference: “Today the Alliance is accelerating to lead the mobility revolution and deliver more value to customers, our people, our shareholders and all our stakeholders.