Nissan Injects £2 Billion to Build Electric Cars

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Nissan and its partners made a major announcement of injecting £2 billion towards building three electric car models.

The new models according to Nissan will be built at its Sunderland factory.

The Japanese firm will build electric Qashqai and Juke models at the plant alongside the next generation of the electric Leaf, which is already produced there.

Nissan Leaf at a charging station. Photo/ EV World.

According to Nissan , the multi billion investment scheme could help preserve the jobs of about 6,000 workers directly, and thousands more across the UK.

Nissan said that alongside this, a major new battery plant known as a “gigafactory” will also be needed.

This is in addition to the current factory adjacent to the car plant, and a further gigafactory already being built by its partner, AESC.

Nissan will spend £1.12bn on preparing its UK facilities and supply chain for the new models and training its workforce.

Alongside the gigafactory the total new investment will be up to £2bn, according to the company.

The plan is expected to receive government support, though it is not clear what form that will take. Nissan has confirmed it will receive £15m in funding for its research centre in Bedfordshire.

Kenya is among the countries gearing up for EV evolution.

This new change has been necessitated by the rising cost of fuel in the country crossing Ksh200 a litre.

To facilitate the upstake, the President William Ruto’s administration introduced incentives to attract investors in the sector.

Kenya Power also unveiled special rates for EV investors and owners.

This drove the increased acquisition of electric buses in the Public Service Vehicle (PSV) sector.

Super Metro, Metro Trans and Embassava are among the saccos serving some of their customers using electric buses.

President William Ruto alighting from an electric car at KICC on Monday September 4, 2023. Photo/ Citizen Digital

 

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