Nissan Motor Co.will begin production of two new electric vehicles in the U.S. from 2025, further expanding its electrification.
As part of the expansion, Nissan said Thursday it will invest $500 million to transform its Canton, Mississippi, plant into an “EV manufacturing and technology center.” Nissan said the investment will include adding battery-related activities.
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Nissan's sprawling Mississippi plant brought car production to the region when it opened nearly two decades ago.
Nissan's new electric vehicles (EVs) - one a Nissan model and the other an Infiniti - are going to be very impressive. However, no details have been revealed.
The two new models will be designed and assembled on a new line at the Canton plant, which has an annual production capacity of 410,000 vehicles and builds the Altima midsize sedan and the Frontier and Titan pickups.
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Nissan: Expansion in the US
The Canton project is the first of many investments that Nissan is preparing for the production of electric vehicles and batteries in the US over the next five years.
“We’re just getting started,” Nissan Americas president Jeremie PapinThursday.
Consumers are beginning to embrace electric mobility in key markets around the world, including the U.S., Nissan Motor Co. COO Ashwani Guptaduring a presentation.
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In the critical US market, where EVs are viewed with greater skepticism, Nissan expects battery-only vehicles to account for 40% of its US sales by 2030.
That's an ambitious plan, considering the automaker's only electric product – the Leaf – accounted for just 1.5% of Nissan Group's U.S. sales last year.
Source: www.autonews.com
