SUNDERLAND, England—Nissan Motor Co bet on Britain to supercharge its European electric future on Thursday, pledging $1.4 billion with its Chinese partner to build a giant battery plant that will power 100,000 vehicles a year including a new crossover model. Facing the most profound technological shift in a century, the titans of the auto industry are racing to secure battery supply close to the factories where they will make the new cleaner electric vehicles of the future. Nissan’s backing for the 9 gigawatt-hour (GWh) plant cements its wager on Britain five years after the Brexit vote threatened to block off the rest of the European market. The £1 billion ($1.4 billion) investment by Nissan, its Chinese partner Envision AESC and local government in northeast England will create 6,200 jobs at the Sunderland plant and in British supply chains. The capacity of the new plant is on a par with one …
Originally found on the Epoch Times Read More
