Nissan suspends a 156 million euro plant project in Portugal

Article by Christian Andrei, on December 14, 2011

After determining that its current plants meet its global battery output plan, Nissan has decided to suspend a 156 million euro ($206 million) plant project that is located in debt-ridden Portugal. Nissan had planned to begin the output of electric vehicle batteries in the later part of 2012.

Spokesman Antonio Pereira-Joaquim said that the volume from Nissan’s four existing electric car plants, two of which are in Europe, was enough for its requirements. He said that the company has studied its battery output capacity and concluded that its four plants can produce what’s expected to be made by five plants.

He explained that the Portuguese plant project was suspended because it is the only one that isn’t beside a Nissan car plant. Its two plants in Europe -- Sunderland in England and Flins in France -- are both next to car factories. Portugal, which is facing its worst recession since it had returned to democracy in 1974, has cut spending under a 78 billion euro bailout.

The Portuguese plant was supposed to be built in Aveiro and it would have created 200 jobs. It’s designed to be one of the main battery supply bases for both Nissan and Renault's EVs, beginning with the Nissan's Leaf model that was launched in late 2010.

Its goal was to reach an annual output of 50,000 batteries for local use and export by 2015. Pereira-Joaquim said that the project is “suspended without a date for reactivation.” He said that the company will examine other options for the building that has already been put up.

Topics: nissan, investment

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Back in 2009, Nissan first introduced the Nissan Leaf, the company’s first all-electric vehicle. LEAF stands for Leading Environmentally-friendly Affordable Family car and this particular EV has been considered as...
by - December 3, 2016
In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Having a blacked-out Bentley Mulsanne Speed is already menacing by itself but by naming it as the Bamford X, it became all the more imposing. This model was made by...
by - December 2, 2016
We have good news for those who are waiting for the latest version of the Mazda CX-5 compact crossover. It was just unveiled in November at the 2016 Los Angeles...
by - December 2, 2016
Those familiar with racing know that Marco Wittmann’s win during the 2016 Deutsche Tourenwagen Masters held last May was noteworthy as it was his second title in four seasons. In...
by - December 2, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries