Japan based auto manufacturer Nissan Motor Corp. (TYO: 7201) has affirmed that its presence in the UK will be a long term one, this is after the company set up a $1.4 billion investment of a new electric vehicle plant and battery facility in northern England.
The Japanese automaker assured of its presence and operations in the country for at least a decade.
“We are choosing Sunderland, so it is showing the trust that the company, that the government, that our partner, have with the plant. This is not one shot, this is not one car, this is the plan and this is for 10 years’ engagement,” said Nissan chairman for Africa, Middle East, India, Europe & Oceania, Guillaume Cartier.
Cartier explained that the company’s England plant which makes Nissan Qashqai has more orders than it can fill at the moment due to a global chip shortage which automakers expect will be ending soon.