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Nissan Will Spend £13 Billion To Accelerate Transition To Electric Vehicles

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5 years ago

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November 29, 2021

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Nissan plans to invest over 2 trillion yen (£13.2 billion) on vehicle electrification over the next five years.

Its Sunderland facility plays a vital role in the battle against traditional carmakers and experts such as Tesla.

The Japanese automaker, a decade ago, introduced Leaf model, one of the world’s first mass-market electric vehicles (EVs).

Nissan announced it would produce 23 “electrified” vehicle types by 2030, with 15 of them totally electric. Hybrids would make up the rest.

See Also: Check Out This Nissan Driving Shoes To Match Your Nissan Z Sportscar

Nissan’s crossover EV concept car, which it will be producing at its Sunderland plant. Photograph: Nissan/PA

“Companies’ responsibility in addressing societal issues is becoming increasingly important,” stated Nissan CEO Makoto Uchida.

“We will usher in a new era of electrification, improve technology to decrease carbon emissions, and pursue new business opportunities,” says the president.

Sunderland will play a key role in Nissan’s plans, according to Ashwani Gupta, the company’s chief operating officer: “Europe will take the lead on electrification throughout the world for Nissan.”

Sunderland is the city in Europe that will lead the way in electrification.”

By 2026, the business wants to sell more than 75 percent of electric vehicles in Europe, 55 percent in Japan, and 40 percent in China.

By 2030, the goal in the United States will be 40%.

See Also: Stallion Rolls Out ‘Buy-now-Pay-in-2022 Promo’ For NISSAN ALMERA

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