Nissan invests €2.3 billion in EV car sector in UK. But Brexit?
Nissan and its partners have announced a £2 billion, €2.3 billion plan to build a factory where three electric car models will be built at the Sunderland plant.
The Japanese company will build the Qashqai and Juke electric models at the plant, as well as the next generation of the Leaf, which is already produced there. The project could help preserve the jobs of around 6,000 direct workers and thousands more in the UK.
Nissan has said that in addition to this, a major new battery plant, known as a "gigafactory", will be needed.
This is in addition to the existing factory adjacent to the automotive plant and another gigafactory already under construction by its partner, AESC.
Nissan will spend €1.25 billion to prepare its UK plants and supply chain for the new models and to train its workforce.
Lei Zhang, president of AESC, said the company has launched a feasibility study into expanding its gigafactory operations in Sunderland. The plan is expected to receive government support, although it is not clear in what form. Nissan has confirmed it will receive £15m funding for its research center in Bedfordshire.
Earlier this year, Nissan chief operating officer Ashwani Gupta, who has since left the company, said the UK would struggle to remain competitive with other car-producing countries due to higher production costs. high, increased by energy bills and inflation.
The UK government has provided support to Nissan through the Automotive Industry Transformation Fund, which received a £2 billion top-up in Wednesday's Autumn Statement. However, there is no official data on what funds were mobilized for the factory.
But after Brexit, shouldn't the United Kingdom have sunk into the North Sea, closing all its industries? Instead these are expanding, especially in the automotive sector. In the meantime, however , Stellantis, the former Fiat group, is closing in Italy, slowly but progressively, and with the announcement of 5,000 other layoffs.
Thanks to our Telegram channel you can stay updated on the publication of new Economic Scenarios articles.
The article Nissan invests €2.3 billion in EV car sector in the UK. But Brexit? comes from Economic Scenarios .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/nissan-investe-23-miliardi-di-euro-nel-settore-auto-ev-nel-regno-unito-ma-la-brexit/ on Fri, 24 Nov 2023 13:21:48 +0000.