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Japanese car manufacturer Nissan has announced that will pump just over R26 million into its British plant. The idea behind the funds is to build two new electric vehicles.

This comes at an ideal time for Britain as the country is desperate for foreign investments.

Both Nissan’s Qashqai and Juke models are currently produced in England and now their electric counterparts will also be manufactured there.

Nissan’s Leaf is an electric model that’s already being manufactured at the same plant.

CNN reports that in 2021, the company announced a R26 million investment to build a second, 9 gigawatt-hour (GWh) battery plant in Sunderland with Chinese partner Envision AESC.

In a statement on Friday, Prime Minister Rishi Sunak said “Making the UK the best place to do business is at the heart of our economic plan”.

Makoto Uchida, Nissan’s president and chief executive will be hosted by Downing Street this week.

Image credit: Fortune

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