(Tokyo) Japanese automaker Nissan announced on Friday an investment of $500 million to transform its factory in Canton, Mississippi (southern United States) into a future electric vehicle hub for the American market.
Posted at 9:36 p.m.
This site should start producing two new 100% electric vehicles from 2025, according to a press release.
This “is only the first of several new investments” from Nissan to pilot its electric transformation in the United States, said the group’s chief operating officer Ashwani Gupta, quoted in the press release.
Employing around 5,000 workers, Nissan’s Guangzhou plant currently produces four conventional models: the Altima sedan and the Frontier, Titan and Titan XD pickup trucks.
At the end of November, Nissan announced that it would invest 2 trillion yen (more than 22 billion CAN) over the next five years to intensify its electric shift around the world, twice as much as it had invested in this domain over the period 2010-2020.
The Yokohama-headquartered carmaker (southwest of Tokyo), an ally of France’s Renault and Japan’s Mitsubishi Motors, expects electric vehicles to account for 40% of its US sales by 2030/2031.
It is also targeting 50% electrified sales (electric and hybrid) in its total global sales in 2030, compared to around 10% in 2020.