The Japanese carmaker along with their two partners announced on Thursday, they would invest 1 billion pounds to produce a new line of all-electric vehicles. They will also be producing batteries for the cars located in the northeast of England. The deal is very beneficial for the U.K government as it will attract jobs and investments as the country cut ties with the European Union.
Nissan said the company’s plant in Sunderland will be building the next generation all-electric vehicles, creating over 6,200 jobs at the factory and its suppliers. Prime Minister of Britain, Boris Johnson said the project is a “major vote of confidence in the U.K.”
The announcement marks a big change in Nissan, as they previously threatened to leave the U.K. after Brexit. This was due to concerns of increased tariffs and red tape. Since Britain is freed from the EU competition rules, the government can enforce its own policies and financial incentives.
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