Will Nissan Abandon Its $1.4B Stimulus-Backed Battery Factory? – IOTW Report

Will Nissan Abandon Its $1.4B Stimulus-Backed Battery Factory?

NLPC

Reuters sources inside Nissan are saying the production of batteries in Tennessee for the all-electric Leaf, which stimulus-subsidizing U.S. taxpayers backed with a $1.4 billion loan, could be eliminated.

According to the report, at minimum there is sharp debate over whether the company will continue to manufacture electric vehicle batteries in-house or contract with an outside supplier. Nissan partner Renault, which has 43.4 percent shareholder ownership in the joint company, is said to be pushing for outsourcing battery production – possibly to LG Chem. None who revealed the information were identified for the Reuters story.

 

More

.

4 Comments on Will Nissan Abandon Its $1.4B Stimulus-Backed Battery Factory?

Comments are closed.