Nissan’s $1.4 Billion Investment in UK to Launch Two New Electric Cars

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Nissan to Invest $1.4 Billion to Manufacture Two New EVs in the UK

Japanese auto giant Nissan Motor has confirmed its plans to manufacture two new electric vehicles in the United Kingdom. The carmaker announced an investment of up to $1.4 billion for producing electric versions of two popular crossover models. These upcoming EVs will be electric versions of the Qashqai and Juke, which are currently manufactured at its Sunderland facility in the UK.

Nissan’s EV Concepts Showcased at Japan Auto Show

Nissan Motor recently unveiled new EV concepts at the Japan Auto Show. The production versions of two of these models could be among the upcoming two EVs. The Nissan Hyper Urban Concept is a crossover EV, while the Nissan Hyper Punk Concept is an all-electric compact crossover. The third model, the Nissan Chill-Out Concept, was revealed in 2021 and was reportedly the carmaker’s first EV concept planned for production in Sunderland.

Nissan’s Expansion Plans in India

Nissan Motor also showcased the ICE and hybrid versions of the Qashqai and Juke in India in October last year. The Juke, a smaller crossover compared to the Qashqai, could rival popular models like Creta and Seltos upon its launch in India. Meanwhile, the Qashqai could aim to compete with the likes of Harrier and other popular models. The carmaker is currently conducting road feasibility tests for these models, with the Qashqai already spotted on Indian roads during test runs.

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Development of EV Models at Nissan’s Sunderland Facility

British broadcaster Sky News reported that Nissan will be working on the EV versions of the Qashqai and Juke at its Sunderland factory with new investments. Currently, the facility only manufactures the Nissan Leaf as its electric offering. The Japanese auto giant aims to go all-electric in Europe by 2030, with plans to introduce 19 new EV models. The carmaker is determined to position itself as a competitor to companies like Tesla.

Investment Plans and Reactions

Makoto Uchida, CEO at Nissan Motor, announced the investment plans in the UK, expressing the company’s commitment to accelerating towards a new electric era for Nissan. Rishi Sunak, the Prime Minister of the UK, emphasized the government’s focus on making the UK the best place to do business. This development comes after Tata Motors announced an investment of over $5 billion to set up a battery manufacturing plant in the UK to electrify the Jaguar Land Rover fleet.

Conclusion

Nissan’s decision to invest in manufacturing two new electric vehicles in the UK highlights the company’s commitment to transitioning to an all-electric future. The introduction of EV versions of the Qashqai and Juke demonstrates Nissan’s efforts to expand its electric vehicle lineup and emerge as a key player in the global EV market.

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