EV News Hubb
Advertisement Banner
  • Home
  • Electric Vehicle Market
  • Electric Car
  • Electric Bikes
  • Contact us
No Result
View All Result
  • Home
  • Electric Vehicle Market
  • Electric Car
  • Electric Bikes
  • Contact us
No Result
View All Result
EV News Hubb
No Result
View All Result
Home Electric Car

Nissan To Invest $250 Million In US Plant That Makes Leaf E-Motors

admin by admin
January 23, 2023
in Electric Car


Advertisement Banner

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. 

The Decherd investment boosts Nissan’s new commitments to US electrification to $750 million after last year’s announcement of a $500 million investment to retool its Canton, Mississippi, assembly plant to build two all-electric sedans.

Those models, one for the Nissan brand, the other for Infiniti, are expected to enter production in 2025. Obviously, this means the automaker will have to build more electric motors for them, and that likely offers a clue regarding the Decherd plant investment. 

Nissan currently makes about 1.4 million internal combustion engines a year at its Tennessee facility as well as electric motors for the Leaf electric hatchback assembled at the nearby Smyrna factory. As Automotive News reports, it is reasonable to assume the new $250 million investment will expand e-motor output in Decherd.

35 Photos

The Nissan boss acknowledged that the global market for EVs is expanding faster than the company expected. In November 2021, Nissan forecast that half of its global sales will be electrified by the fiscal year ending March 31, 2031, with some 40 percent of its US volume to come from EVs.

The executive said the company now expects to exceed those targets in each market, including the US, which plays a major role in Nissan’s electrification strategy.

Uchida noted that regulations and government incentives such as those instated by the Inflation Reduction Act (IRA) are helping spur EV adoption. For Nissan‘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 (2 trillion yen) on electrification worldwide through 2026. The carmaker is expected to announce a revised US electrification target on March 31, 2024. 

The executive said Nissan’s US plan will center around pure EVs rather than e-Power hybrids, which aren’t as well suited for the high-speed, long-distance driving conditions in the US.



Source link

Previous Post

Aptera details, Lightyear 0, Tesla heat pump, luxury EV leases: Today’s Car News

Next Post

Porsche to design 3D-printed battery gigafactories for Sakuu

Next Post

Porsche to design 3D-printed battery gigafactories for Sakuu

Charged EVs | Electreon to deploy public wireless EV charging road in Germany

Advertisement Banner

Recommended Post

Blix Sol Eclipse Electric Bike Review 2023

by admin
February 2, 2023
0

Charged EVs | New Zealand firm offers improved LFP battery packs for Nissan Leaf

by admin
February 2, 2023
0

Big batteries are now powering large tower cranes in London – a UK first

by admin
February 2, 2023
0

Volvo Reportedly Plans Turning All Its Core Models Into EVs By 2026

by admin
February 2, 2023
0

Mapping federal charging network, EV charging tax, Mazda on EV range: Today’s Car News

by admin
February 2, 2023
0

Tesla Model Y Long Range delivery estimate moved to March-May 2023

by admin
February 2, 2023
0

Yes, There Will Be Enough Biofuels; No, They Won’t Impact Food Supplies

by admin
February 2, 2023
0

Magnum Nomad Review 2023 | Electric Bike Report

by admin
February 1, 2023
0

© 2022 EV News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Electric Vehicle Market
  • Electric Car
  • Electric Bikes
  • Contact us

Newsletter Sign Up

  • Home
  • Electric Vehicle Market
  • Electric Car
  • Electric Bikes
  • Contact us

© 2022 EV News Hubb All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In