SUNDERLAND, England--Nissan Motor will invest almost $700 million in two plants to make batteries for electric cars in Britain and Portugal after securing financial support from those nations' governments, Reuters reported.
Nissan will put more than $328.6 million into a plant near Sunderland in northeast England, the automaker said. The company also will spend $354 million on a Portuguese factory.
Each plant will make 60,000 batteries a year.
Nissan and its alliance partner, Renault SA, plan to launch electric vehicles in 2011.
(Source: Automotive News)