The government hailed Nissan’s announcement on Friday that it would invest up to £2 billion in the UK’s electric car manufacturing industry as a show of confidence in the industry. Nissan is a Japanese automaker.
Nissan announced that it will build on UK net zero plans to move away from filthy fossil-fuel vehicles by producing electric versions of its two best-selling cars, the Juke and Qashqai, at its largest factory in Europe, located in Sunderland, northeast England.
The automaker said in a statement that it will invest £1.12 billion ($1.4 billion) in its UK operations and larger supply chain for the development and production of the two new models.
This will lead to additional investments in the supply chain and infrastructure, including the construction of a second factory producing batteries for electric cars, increasing the overall investment to as high as £2 billion ($2.5 billion).
Nissan’s investment will benefit its 7,000 workers in the UK as well as 30,000 employment across the country’s wider supply chain.