Nissan hinted that it might have an additional third plant in the U.S. to keep up with the growing demand for electric vehicles.
Nissan said that it is considering adding a third plant in the U.S. to meet the rising demand for electric vehicles, a top executive from Nissan said on Friday.
“It may not be a surprise that we go for a third plant,” Chief Operating Officer Ashwani Gupta told reporters at Yokohama headquarters. –according to The Economic Times.
The plant will be in line with Nissan’s Ambition 2030.
Last year, Nissan announced that it would invest nearly $18 billion in the next five years to accelerate the development of its electric vehicles.
Currently, Nissan has two plants in the U.S., one in Canton, Mississippi, that makes the Titan pickup truck and Altima Sedan, and other models. The other plant is located in Smyrna, Tennessee, which produced the Leaf electric car.
Nissan launched EV production in its Tennessee plant with the Leaf hatchback, which started manufacturing the car and its batteries in 2013.
The Canton plant will start manufacturing electric vehicles beginning in 2025, with Nissan stating that its Mississippi plant will “become a centre for U.S. EV production.”
Gupta said that the third plant would “not just be an added assembly line to an existing plant but a new facility, although it may be built as an extension of an existing plant.”
For the fiscal year ended March, Nissan posted a 247 billion yen ($1.9 billion) operating profit, increasing the 448.7 billion yen loss during the same period last year. Nissan forecasts a 250 billion yen profit for the current year, short of analysts’ average prediction of 321 billion yen.