Nissan announces £13.2bn investment in electric vehicle production
The Japanese car giant, which runs a manufacturing plant in Sunderland, has laid out its plans for the future.
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Nissan has announced plans to spend more than £13 billion on developing electric vehicles.
At a news conference in Japan the car manufacturer, which has a major plant in Sunderland revealed it will develop 23 new electric models by 2030.
By that time, the firm aims for half of its global output to be made up of electric vehicles.
Nissan said it will spend two trillion yen, around £13.2 billion, on electric vehicles over the next five years.
Chief executive Makoto Uchida said: “The role of companies to address societal needs is increasingly heightened.
“With Nissan Ambition 2030, we will drive the new age of electrification, advance technologies to reduce carbon footprint and pursue new business opportunities.
“We want to transform Nissan to become a sustainable company that is truly needed by customers and society.”
Nissan has plans to bring in all-solid-state batteries by 2028, which will be one-third quicker to charge.
Earlier this year it announced its EV360Zero system in Sunderland, bringing together a new battery plant and locally sourced green energy to power production, and the firm said it will expand the concept in other markets around the world.