Nissan CEO Says $1.4 Billion U.K. EV-Making Hub ‘Just a Start’
- Automaker embraces electrification to spur stalling sales
- Company looking to build electric-car capacity in core markets
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Nissan Motor Co.’s announcement earlier this month that it will create a $1.4 billion hub to manufacture electric vehicles in the U.K. is just the beginning as the automaker pushes ahead with plans to electrify its fleet, Chief Executive Officer Makoto Uchida said.
The U.K. project “is a start in our electrification strategy,” Uchida said in an interview with Bloomberg Television’s Haslinda Amin. The Japanese company will look to build its EV prowess in other core markets as well, he said, declining to provide specifics on the location and timing of those investments.