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China's Envision AESC to create $1.4bn UK electric battery plant for Nissan

July 2, 2021

Nissan has launched plans for a vast battery plant, known as a gigafactory, in northeastern England, where it will manufacture new electric vehicles as companies and governments transition from fossil-fuel cars.

Chinese battery supplier Envision AESC will invest $620 million to build the battery plant, which will run on renewable energy and be able to power up to 100,000 Nissan electric vehicles per year.

The move will create 6,200 jobs and UK Prime Minister Boris Johnson hailed the post-Brexit investment totaling $1.38 billion at Nissan's largest European factory "a major vote of confidence in the UK."

(Sources: China Report)

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