A total of $250 million will be invested in the Tennessee plant to support electrification.
Nissan CEO Makoto Uchida announced the company’s next major investment of $250 million.
Nissan has a powertrain plant in Decherd, Tennessee, which currently produces around 1.4 million combustion engines a year, as well as the electric motors for the Nissan Leaf.
The announced investment of 250 million dollars will go exclusively to the factory, although the Japanese brand has not given details of what it will be invested in.
It seems obvious that this investment will not be to promote the manufacture of internal combustion engines, but is more likely to be focused on increasing the number of electric motors to be manufactured at the plant, motivated by the high demand for electric vehicles that continues to increase month after month.
It is also true that Nissan’s CEO did not give details of when the investment in the plant will be made, although the $250 million announced is a total of $750 million invested in electrification in the US.
But the investments will not stop there, as Nissan has indicated, as there is a forecast of a major global investment by the Japanese company of up to $15.5 billion by 2026.
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