Nissan's £2 Billion Investment Fuels Electric Car Production in Sunderland
Nissan is set to invest £2 billion in its Sunderland plant to produce three new electric car models, reinforcing the company's commitment to a greener automotive future. The plan includes electric Qashqai and Juke models, along with the next generation of the electric Leaf. This move aligns with Nissan's strategy to make all new cars in Europe fully electric by 2030.
The investment, comprising £1.12 billion for direct production and additional funds for infrastructure projects, including a new gigafactory, aims to secure the jobs of 6,000 workers and create thousands more across the country.
The Sunderland plant, a key player in Nissan's success since 1986, has already produced over 11 million vehicles, solidifying the UK's position as a global leader in electric vehicle manufacturing.
The government's support for the automotive industry is evident in measures such as the permanent Full Expensing scheme, providing an £11 billion annual tax cut. The UK continues to lead in corporate tax rates and capital allowances among major advanced economies. The government has also allocated over £2 billion for the automotive sector from 2025 to support the manufacturing and development of zero-emission vehicles, batteries, and the supply chain.
Nissan's decision reinforces the UK's commitment to a sustainable and prosperous future, contributing to economic growth, employment, and the transition to a net-zero economy. The North East England Investment Zone, created to leverage private investment and create over 4,000 jobs, further positions the UK as a hub for green industries.
