Japanese automaker Nissan has announced plans to invest $500 million in its Canton assembly plant in the U.S. state of Mississippi, which will produce two electric models for Nissan and Infiniti, as well as battery packs for them, starting in 2025. Nissan is also planning a battery cell factory in the U.S.
The investment of the equivalent of 440 million euros is intended to preserve nearly 2,000 jobs at the plant through retraining and continuing education, according to the automaker. Nissan is not yet providing details on the two models - not even whether they will be sedans, SUVs or pickups. Nor are the planned production volumes mentioned so far.
Currently, Nissan makes four internal combustion models in Canton: the Altima sedan and the Frontier, Titan and Titan XD pickup series. The plant, which opened in 2003, employs a total of 5,000 people. If 2,000 of those jobs are to be dedicated to the new electric project, the site will likely continue to make two or three internal combustion series.
Nissan plans to launch 23 electrified models worldwide by then, including 15 all-electric models, as part of its "Ambition 2030" strategy. In the U.S., all-electric vehicles are expected to account for 40 percent of sales in this target year.
"Today's announcement is the first of several new investments that will drive the EV revolution in the United States," said Ashwani Gupta, Nissan's chief operating officer. "Nissan is making a strong investment in Canton's future, bringing in the latest technology , training and process to build a truly world-class EV manufacturing team." With today's announcement, Nissan will have invested a total of four billion dollars in the site since its opening.