Bond.az White LogoBond.az Black Logo

Nissan unit cancels UK EV powertrain plan

Nissan subsidiary JATCO cancels EV powertrain production plan in Sunderland, UK due to weak demand. Read more on Bond.az.

Michael Brown
ByMichael Brown- Senior Editor
|
0

Nissan Motor subsidiary JATCO has scrapped plans to manufacture electric vehicle powertrains at its Sunderland facility in the UK.

The decision follows weaker-than-expected demand for Nissan's EVs in Europe.

In January 2025, JATCO announced a £48.7 million ($65.4 million) investment for the project.

The facility was set to produce up to 340,000 integrated EV powertrains annually.

This was part of Nissan's broader strategy to boost EV manufacturing in Europe.

The cancellation coincides with Nissan's sweeping restructuring program to cut costs and improve profitability.

The Japanese automaker faces slowing sales in key markets like the US and China, plus intensifying global EV competition.

Last year, Nissan announced plans to reduce its global production network from 17 to 10 plants.

Sunderland remains a key hub for Nissan, with commitments to future EV production and a partnership with battery maker AESC.

Neither Nissan nor JATCO have commented officially on the report.

More News
2026-07-04 17:00
|
441

How Mortgage Decline Affects Housing Sales?

How does the decline in mortgage lending affect housing sales? Economist Vugar Oruc comments. Latest situation in the real estate market.

0
2026-07-04 05:30
|
392

Azerbaijan oil price rises to $72.93

Azerbaijan oil price rises. "Azeri Light" crude reaches $72.93 per barrel. Stay updated.

0
2026-07-04 02:00
|
663

Will Japan Buy Oil from Iran?

Japan begins talks to buy oil from Iran after US sanctions relief. Tehran seeks long-term exemptions and security guarantees.

0
2026-07-03 14:33
|
433

Hadi Rajabli's son gets 350K job

A 354K manat contract for managing a boiler house in Agdam goes to Hadi Rajabli's son's company without open tender.

0
2026-07-03 06:01
|
670

Updated 100 manat banknote enters circulation

The updated 100 manat banknote enters circulation July 15. Central Bank continues anti-counterfeiting measures.

0
2026-07-03 05:32
|
321

Gold Surpasses $4,200

Gold futures on Comex surpass $4,200 per ounce. Latest data shows gold at $4,206.7, up 1.96%.

0
2026-07-02 20:31
|
886

Turkey seeks to join SEPA

Turkey has expressed interest in joining SEPA, the Single Euro Payments Area, to facilitate cross-border payments and boost trade and investment with the EU.

0
2026-07-02 17:31
|
730

Young journalists learn SOCAR's green energy plan

SOCAR held an info session at its Eco-Park for young media, presenting its green energy plan and decarbonization strategy.

0
2026-07-02 15:31
|
435

Wheat to Armenia via Azerbaijan transit

14 wagons of wheat will be shipped from Russia to Armenia through Azerbaijan transit. The cargo departs from Bilajari station.

0
2026-07-01 14:00
|
653

Free apartments for 45 people

45 free apartments in Saatli for disabled and martyr families. 18 three-room and 27 two-room units. Project cost 3.385 million manat.

0
2026-07-01 11:02
|
987

New Changes to VAT Deposit Accounts

New changes to VAT deposit accounts: entrepreneurs gain ability to transfer funds to the State Social Protection Fund.

0
2026-07-01 08:33
|
751

Sahil Babayev: BSTDB Plans to Finance SMEs

Finance Minister Sahil Babayev announced that the Black Sea Trade and Development Bank plans to finance small and medium-sized enterprises.

0
...
Nissan unit cancels UK EV powertrain plan | Bond.az