Major Boost for UK Motor Industry: £50 Million Investment Secured
Nissan and JATCO’s £50 million investment in Sunderland will create 183 jobs and produce 340,000 EV powertrains annually by 2026. Backed by the UK government, this marks a major boost for the nation’s EV sector and strengthens its global manufacturing position.
In a significant development for the UK’s automotive sector, Nissan and the Japan Automatic Transmission Company (JATCO) have partnered with the UK government to establish a new manufacturing plant in Sunderland. This £50 million investment is set to create 183 high-value jobs in the region and support over 400 positions within the wider supply chain.
JATCO’s First European Plant
The new facility marks JATCO’s inaugural venture into the European market. It will produce 3-in-1 electric vehicle (EV) powertrains for Nissan’s adjacent Sunderland plant, aiming to manufacture up to 340,000 electric powertrains annually from 2026. This initiative underscores the UK’s commitment to bolstering its domestic EV manufacturing capabilities.
Government Support and Economic Impact
Minister for Investment, Baroness Gustafsson, highlighted the significance of this collaboration, stating:
“This investment is a major vote of confidence in the UK’s investment environment and our commitment to economic growth.”
The partnership aligns with the government’s broader strategy to foster economic stability and growth, creating jobs and improving living standards across the country.
Nissan’s Ongoing Commitment
Nissan, employing approximately 6,000 people across its Sunderland facilities, continues to demonstrate its dedication to the UK market. This announcement builds upon their £2 billion investment in 2023 aimed at expanding electric vehicle production in the region.
Strengthening the UK’s EV Market Position
With the UK already leading as the largest EV market in Europe, this investment further cements its position as a global leader in the industry. The establishment of JATCO’s first European plant not only enhances the UK’s manufacturing capabilities but also signifies a strengthening of international trade relations.
Conclusion
The £50 million investment by Nissan, JATCO, and the UK government represents a pivotal moment for the UK’s motor industry. By fostering innovation and creating employment opportunities, this collaboration paves the way for a sustainable and prosperous future in electric vehicle manufacturing.
For further details, refer to the official announcement:Massive boost for UK motor industry as £50 million investment deal secured
