According to a report from Sky News on Wednesday, the Japanese automobile manufacturer Nissan Motor Co. (7201.T) will announce on Friday that it will construct electric versions of its Qashqai and Juke models at its Sunderland facility in northern England.
Sky News cited sources from the automobile sector in their story, saying that Nissan will contribute hundreds of millions of pounds to the project. According to the source, there would be no use of upfront public funds for this endeavor, but the British government is anticipated to issue assurances.
According to a different story by the Financial Times, which cited persons who were told about the plans, Nissan will manufacture two new electric vehicles at the facility as part of an investment that is believed to be worth more than 1 billion pounds ($1.25 billion).
A representative for Nissan in Japan who was asked to comment on the claims declined to do so. In September, the third-largest automobile manufacturer in Japan said that one of the two new electric vehicle models it had already confirmed for Europe will be produced at the facility in Sunderland.
According to the Financial Times, it was expected that Nissan Chief Executive Makoto Uchida would announce it on Friday at the site and that British Prime Minister Rishi Sunak would be there for the event.
