Nissan in £3 billion EV investment to create European production hub

Japanese car giant Nissan has announced it will invest £3 billion in the infrastructures to produce electric vehicles in the UK.

The company has revealed it will produce two new electric vehicle models in its plant  at Sunderland – helping to put more zero emission vehicles on UK roads which will make travel more sustainable and affordable in the long term.

The investments has been backed by the |UK government  with prime minister, Rishi Sunak hailing the dela as a massive vote of confidence in the UK and its workforce.

Nissan have said their direct investment of up to £1.12 billion to produce the two models will enable wider investment in infrastructure projects and the supply chain, including a new gigafactory, bringing a total new investment of up to £3 billion.

“The announcement means the EV36Zero hub in Sunderland, Nissan’s blueprint for future manufacturing, will consist of three electric vehicles (EVs), three gigafactories and up to £ 3billion investment – great news for Nissan’s 7,000 UK employees and the 30,000 jobs supported in the UK supply chain,” Nissan said. “Not only does the transformational project include future all-electric versions of Nissan’s flagship Qashqai and JUKE crossovers, but Nissan is also confirming today that the third vehicle planned for UK production will be next-generation Nissan LEAF, the car that dared to spark the electrification of the automotive industry.”

It added vehicle and battery manufacturing will be powered by the EV36Zero Microgrid, which will incorporate the wind and solar farms at Nissan and will have the capability to deliver 100% renewable electricity to Nissan and its neighbouring suppliers.

Announcing the plans, Nissan president and CEO Makoto Uchida said: “Exciting, electric vehicles are at the heart of our plans to achieve carbon neutrality. With electric versions of our core European models on the way, we are accelerating towards a new era for Nissan, for industry and for our customers.

“The EV36Zero project puts our Sunderland plant, Britain’s biggest ever car factory, at the heart of our future vision. It means our UK team will be designing, engineering and manufacturing the vehicles of the future, driving us towards an all-electric future for Nissan in Europe.”

The announcement follows Nissan’s confirmation that all its new cars in Europe from now will be fully electric, and that it expects its passenger car line-up in Europe to be 100% electric by 2030. It also builds on Nissan’s Ambition 2030 vision to become a truly sustainable company, driving towards a cleaner, safer, and more inclusive world.

Sunak added: “Nissan’s investment is a massive vote of confidence in the UK’s automotive industry, which already contributes a massive £71 billion a year to our economy. This venture will no doubt secure Sunderland’s future as the UK’s Silicon Valley for electric vehicle innovation and manufacturing.

Making the UK the best place to do business is at the heart of our economic plan. We will continue to back businesses like Nissan to expand and grow their roots in the UK every step of the way as we make the right long term decisions for a brighter future.

The announcement comes as a new Investment Zone (IZ) was confirmed for North East England. The  UIK government said the North East Investment Zone will focus on Advanced Manufacturing and Green Industries, building on the Arc of Innovation running from Northumberland down to Sunderland and Durham with opportunities along the Tyne Corridor and benefits felt across the wider region.