Nissan is to commit to making future electric versions of its two best selling cars in Sunderland.
The Japanese car maker will announce on Friday that its new electric Qashqai and Juke models will be made at the site, helping to preserve 6,000 jobs.
The investment is thought to be in the region of £1bn and will be supported by a government contribution from the Automotive Transformation Fund (ATF).
The investment is thought to be in the region of £1bn and will be supported by a government contribution from the Automotive Transformation Fund (ATF).
Nissan is the only carmaker in the UK with its own dedicated battery plant located close to the car plant. It is owned by Chinese company AESC with Nissan as its only customer.
The battery plant was expanded last year with contributions from the ATF and Sunderland Council, involving about £100m in public money.
Post-Brexit trading rules due to take effect in January next year will trigger a 10% tariff on cars sold between the UK and European Union unless carmakers have sourced 45% of their components by value from the UK or EU.
The rules were designed to protect the European industry from cheap imports.
As batteries are the most expensive part of an electric vehicle, some manufacturers in both the UK and EU have said they will be unable to hit that threshold and have called for the requirement to be deferred.
Nissan is to commit to making future electric versions of its two best selling cars in Sunderland.
The investment is thought to be in the region of £1bn and will be supported by a government contribution from the Automotive Transformation Fund (ATF).
The Japanese car maker will announce on Friday that its new electric Qashqai and Juke models will be made at the site, helping to preserve 6,000 jobs.
Nissan is the only carmaker in the UK with its own dedicated battery plant located close to the car plant. It is owned by Chinese company AESC with Nissan as its only customer.
The investment is thought to be in the region of £1bn and will be supported by a government contribution from the Automotive Transformation Fund (ATF).
The investment is thought to be in the region of £1bn and will be supported by a government contribution from the Automotive Transformation Fund (ATF).
Nissan is the only carmaker in the UK with its own dedicated battery plant located close to the car plant. It is owned by Chinese company AESC with Nissan as its only customer.
The battery plant was expanded last year with contributions from the ATF and Sunderland Council, involving about £100m in public money.
Post-Brexit trading rules due to take effect in January next year will trigger a 10% tariff on cars sold between the UK and European Union unless carmakers have sourced 45% of their components by value from the UK or EU.
The rules were designed to protect the European industry from cheap imports.
As batteries are the most expensive part of an electric vehicle, some manufacturers in both the UK and EU have said they will be unable to hit that threshold and have called for the requirement to be deferred.
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