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UK Nissan LEAF production gets cash boost

Production of the Nissan LEAF electric car in Sunderland, England, has received a huge boost after the European Investment Bank (EIB) announced it would inject £190million to support the car’s production.

The funding will go towards not only the production of the Nissan LEAF but also the lithium-ion batteries that are used to power the vehicle. The investment from the EIB is in addition to a £420million investment by Nissan itself at the Sunderland plant; and £20.7million from the UK government.

To date, Nissan has sold more than 20,000 LEAF electric cars worldwide since it went on sale last December. Take-up however, has proven sluggish in the UK where the lack of charging infrastructure has restricted sales to less than 800 through the £5,000 plug-in car grant by the end of October.

The electric car will go into production in Sunderland in 2013 and will have an initial capacity of 50,000 vehicles a year.

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Paul Lucas, November 30, 2011
Filed under: Electric cars,Green cars,Latest news,Nissan

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