Nissan to Invest Additional 3.3 Trillion KRW in the UK to Strengthen Electric Vehicle Production

Japanese automaker Nissan Motor is set to invest an additional 2 billion pounds (approximately 3.3 trillion won) in its European production hub, the Sunderland plant in central England, according to reports by Yomiuri Shimbun and Nihon Keizai Shimbun (Nikkei) on the 25th.

On the 28th, a Nissan electric vehicle was unveiled at the '2019 Seoul Motor Show Press Day' held at Kintex in Goyang, Gyeonggi Province.
Photo by Jinhyung Kang, Goyang aymsdream@

According to the reports, Nissan has already invested 1 billion pounds (approximately 1.65 trillion won) in the Sunderland plant, bringing the total investment to an estimated maximum of 3 billion pounds.

With the additional investment, Nissan plans to produce three new electric vehicle models and establish a new battery factory. Nissan aims to sell only electric vehicles in Europe starting from 2030, and by expanding investment in the Sunderland plant, it intends to strengthen its electric vehicle production system. The Sunderland plant produces over 400,000 new cars annually.