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Nissan LEAF production in the UK receives £190M investment boost from EIB

The European Investment Bank has announced that it is supporting the production of the Nissan LEAF electric car in Sunderland (UK) with an investment injection of £190 million (US$297 million). The funding will go towards both the production of the Nissan LEAF and the lithium-ion batteries used in the vehicle.

The EIB investment is in addition to a £420 million (US$656 million) investment by Nissan in its Sunderland plant and £20.7 million (US$32.3 million) by the UK Government. The all-electric Nissan LEAF will go into production in Sunderland in 2013 with an initial production capacity of around 50,000 vehicles a year.

Nissan has sold more than 20,000 LEAFs worldwide since going on sale last December. Take-up of EVs has proved sluggish so far in the UK with figures released in October showing fewer than 800 vehicles have been sold through the £5k (US$7.8k) plug-in car grant.

Comments

Reel$$

This is a positive step by the euro-banking community. It should set an example. With the onset of low cost, distributed electricity, even short sighted bankers can see where there is money to be made. But the global banking system runs predominantly on oil and changing that will take time. UK wants to do the right thing but struggles to realign from climate to energy independence.

Leaf is doing well to sell 20k cars in its first year. Prius only sold 5k when introduced to the US market.

Henry Gibson

Full electric automobiles are an exercise in futility since most of the electric energy in the world is derived from fossil fuels including uranium.

The size and cost of electric car batteries can be reduced by using series hybrids with very small engine generators. For many automobile journeys, the generator would not be used.

No new batteries are needed. The ZEBRA battery was perfected in the UK many years ago and would be cheap if put into large scale production. A lower energy but high power battery can be made with the Atraverda technology of the UK and used for regeneration in combination with a small ZEBRA battery. ..HG..

Herm

better cash that check quick..

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