Nissan To Invest $250 Million In US Plant That Makes Leaf E-Motors via insideevs.com
Nissan Motor Company CEO Makoto Uchida has announced a $250 million investment in the company's US powertrain plant in Decherd, Tennessee, to support the electrification of its lineup.
While Uchida did not say when the investment will happen or detail what exactly it is for, he described the move as part of Nissan's stepped-up US electrification plans as EVs become increasingly popular in America and government initiatives support that demand.
Nissan currently makes about 1.4 million internal combustion engines a year at its Tennessee facility as well as electric motors for thereports, it is reasonable to assume the new $250 million investment will expand e-motor output in Decherd.The Nissan boss acknowledged that the global market for EVs is expanding faster than the company expected.
Uchida noted that regulations and government incentives such as those instated by the Inflation Reduction Act are helping spur EV adoption. For's head honcho, the IRA"is maybe a challenge for us in the short term," but in the future it will enable EVs to gain US market share. He added that more investment is to come in the US under Nissan's previously announced plan to spend $15.58 billion on electrification worldwide through 2026. The carmaker is expected to announce a revised US electrification target on March 31, 2024., which aren't as well suited for the high-speed, long-distance driving conditions in the US.
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