UK’s Business Secretary Lord Mandelson said: “This investment is a fantastic vote of confidence in the Sunderland plant and its excellent workforce. The automotive sector is of key importance to the UK. It supports R&D, technological innovation, skills and a supply chain that’s a mainstay of the wider manufacturing sector.
"Today’s news from Nissan, with support from government, shows that by working together we can achieve our aim of making the UK a world-leader in ultra-low carbon vehicles."
Andy Palmer, senior vice president at Nissan Motor Co., Ltd., and responsible for the company's global EV strategy, said: "The world is at the dawn of a new era in automotive transport. Nissan Leaf, which will go on sale later this year, is a five-seater hatchback that offers the same space, practicality and performance of a similar car in its class – minus the tailpipe emissions."
"Thanks to the UK’s firm commitment to a low carbon future in terms of infrastructure, customer incentives and educational programmes, Nissan LEAF will be built at Sunderland, making the UK the third country in the world to produce this revolutionary car."
The investment will be supported by a £20.7m (EUR23.1m) Grant for Business Investment (GBI) from the UK Government and a proposed finance package from the European Investment Bank (EIB) of up to £197.3m (EUR220m).