Hyperdrive

Nissan, Envision to Create $1.4 Billion U.K. EV-Making Hub

New electric vehicle, battery plant to be built in Sunderland
British premier Johnson says move is ‘vote of confidence’

WATCH: Nissan will create a new $1.4 billion hub for making EVs in the U.K., including a new all-electric crossover vehicle at its Sunderland plant.Source: Bloomberg

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By Siddharth Philip and Joe Mayes

July 1, 2021 at 6:20 AM UTC

Updated on

July 1, 2021 at 7:56 AM UTC

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Nissan Motor Co. said it will create a new 1 billion pound ($1.4 billion) hub for making electric vehicles in Britain, part of the carmaker’s revamp of its U.K. electric-car strategy and a post-Brexit boost for Prime Minister Boris Johnson.

Nissan will spend as much as 423 million pounds to produce a new all-electric crossover vehicle at its Sunderland plant in the north of England and Envision AESC will invest 450 million pounds to expand battery-cell making, the carmaker said Thursday in a statement.