Nissan has announced a massive investment of up to £2 billion pounds in the production of two new EV models at its Sunderland plant in the United Kingdom.
This ambitious project will not only expand the electric vehicle center in the northeast region but is also expected to support thousands of jobs and contribute to economic growth, aligning with the goals of the Prime Minister.
Nissan’s direct investment of £1.12 billion pounds will allow for additional investment in infrastructure projects and a new gigafactory, bringing the total investment to £2 billion.
This news follows the announcement of the billion-pound gigafactory in 2021, solidifying Nissan as a key player in the electric vehicle revolution and reinforcing its commitment to a more sustainable future.
The investment will be directed towards the production of two new fully electric models, replacing the Nissan Juke and Qashqai, and adds to Nissan’s commitment that all its new cars in Europe will be fully electric.
This initiative supports the UK’s position as a global leader in EV manufacturing and backs the country’s commitment to net-zero emissions.
The Prime Minister emphasized the importance of this investment, highlighting Sunderland’s role as a driving force for innovation and electric vehicle manufacturing in the UK.
Additionally, a new Investment Zone for Northeast England was confirmed, foreseeing the creation of over 4,000 jobs in the first five years.
The EV36Zero project positions the Sunderland plant at the heart of Nissan’s future vision, where vehicles of tomorrow will be designed, developed, and manufactured.
This investment consolidates Nissan’s position in the United Kingdom, raising its total investment to over £6 billion and supporting the shift towards fully electric vehicles in the coming decade.
This announcement also comes on the eve of the Global Investment Summit, where the Prime Minister is expected to attract billions in additional investments to the UK.
With a focus on high-tech sectors, innovation, and development, the summit is anticipated to generate employment and strengthen the UK’s position as a leading destination for global investment.
The Chancellor highlighted the news as a significant endorsement of the British economy, underscoring the importance of investment in the automotive industry for sustainable economic growth.
With Nissan’s continued commitment and government support, the United Kingdom is steadfast on its path toward a net-zero emissions future and a steadily growing economy.