The Nikkei business daily says that Nissan will build its forthcoming electric cars in Tennesse. This is the second time this rumour has been reported.
It’s a brilliant move for Nissan. It allows the car company to grab a loan from the DOE who’s funding alternative energy car projects. Presumably, Tennesse is offering a healthy incentive package to get Nissan’s business. Nissan will be able to brand its new line of cars as “American.”
Reuters: Nissan Motor Co plans to launch production of electric vehicles and their batteries in the United States to tap low-interest loans for green vehicles, the Nikkei business daily said.
The overall investment is estimated at 50 billion yen ($516.4 million) and may rise to 100 billion yen, it said.
Under the plan, the new electric-car assembly lines are to be built at a plant in Smyrna, Tennessee, where Nissan North America Inc is based, the paper said.
The facility, capable of making 50,000 to 100,000 eco-friendly vehicles a year by 2012, is expected to first produce a small passenger car, it said.
Nissan also intends to construct a production facility for high-capacity lithium ion batteries at the Smyrna site with NEC Corp.
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