Nissan will supply more batteries from Britain wants to avoid tariffs on electric cars after UK trade deal with the EU, which a senior executive told Reuters turned Brexit from a risk in an opportunity for its factory in north east England. Chief Operating Officer Ashwani Gupta also said Brexit-related problems in ports since January 1 have been “peanuts” for Nissan, which has had to deal with COVID-19 and natural disasters.
After the departure of Great Britain from The European Union, London and Brussels reached a trade agreement on December 24 that avoided major disruptions and a 10% tax on cars, provided they abide by local content rules. Japan’s Nissan produces around 30,000 Leaf electric cars at its Sunderland plant, most with a locally sourced 40-kilowatt-hour battery. They remain fee-free.
But the more powerful versions use an imported system, which will now be bought in Britain, creating jobs. “It will take a few months,” Gupta told Reuters.
“Brexit, which we thought was a risk … has become an opportunity for Nissan,” he added. Prime Minister Boris Johnson said Friday the news was a “great vote of confidence in the UK”.
When asked about the disruption of the trade, Gupta told reporters: “When I look at how Nissan came out from the (a) tsunami crisis, earthquake, flood, snow last week, tornado …, the startup problem we are seeing in ports are peanuts. “” For a global producer … have additional documentation to fill out a form it’s nothing at the border. People prepared, we’ve updated our software, we’ve updated our processes. Okay. “
The effect of Brexit will vary between automakers. Nissan opened what is now Britain’s largest car plant in 1986 and produced nearly 350,000 vehicles in 2019.
Conversely, Ford, which imports everything it sells in the UK, has raised some prices in the UK due to US sourced content. With no electric car manufacturing in the UK, Stellantis CEO Carlos Tavares criticized the UK ban on the sale of new conventional cars from 2030, while deciding the future of his factory.
But Gupta said the move will boost Nissan’s British-made models. “The market will attract more and more electrified cars, which means that the return on investment on this type of technology will get better every day.”
(This story has not been edited by Devdiscourse staff and is automatically generated from a syndicated feed.)
- Nissan will supply more batteries from Britain wants to avoid tariffs on electric cars after UK trade deal with the EU, which a senior executive told Reuters turned Brexit from a risk in an opportunity for its factory in north east England.
- Nissan will supply more batteries to the UK as part of the Brexit deal ‘opportunity’