Chancellor Rishi Sunak lauds Nissan’s £1 billion investment for electric car production at its Sunderland factory, emphasizing its confidence in the UK. This substantial investment includes manufacturing the latest electric Qashqai and Juke models alongside the next generation of the electric Leaf, ensuring job security for 7,000 workers and supporting 30,000 more in the supply chain.
A Confidence Boost for the UK
Sunak praises Nissan’s decision, deeming it a significant vote of confidence in the UK’s automotive industry, which contributes £71 billion annually to the economy. Prime Minister Boris Johnson sees this move positioning Sunderland as a hub for electric vehicle innovation and manufacturing.
Strategic Investment for the Future
Nissan CEO Makoto Uchida states that the investment places the Sunderland plant at the core of the company’s future vision. The group aims to exclusively sell electric cars in Europe from 2030.
Defying Post-Brexit Concerns
The investment defies post-Brexit concerns about the UK’s car industry. Despite warnings, Nissan’s commitment proves that Britain remains a competitive location for electric vehicle production.
Industry Reception and Recognition
Former Nissan and Aston Martin chief, Dr. Andy Palmer, deems the move ‘only good news for the UK.’ Mike Hawes from the Society of Motor Manufacturers and Traders labels it ‘tremendous news,’ reinforcing Britain’s standing in electric vehicle production.
Gigafactory Setup for Strategic Advantage
Nissan’s gigafactory, established in partnership with battery supplier AESC (owned by Envision), aims to avoid potential post-Brexit trade tariffs. This strategic move ensures local battery supply, preventing costly trade tariffs and maintaining competitiveness in the EU market.
Source: dailymail.co.uk
