Transcribe your podcast
[00:00:00]

If you promise to invest in British.

[00:00:02]

Industry, you can expect government help. Make it 2 billion pounds and the Prime Minister and Chancellor will even pitch in. They joined the production line in Sunderland as Nissan announced plans for a new.

[00:00:12]

Battery gigafactory, its third to power future electric vehicles.

[00:00:17]

Nissan and its partners are tripling their investment in the UK to 3 billion pounds. This is our largest car plant. Its future is safeguarded, protecting thousands of jobs and also transitioning to new electric vehicles. So it's a huge vote of confidence in the UK and in our automotive industry.

[00:00:35]

It's only 18 months since Boris Johnson.

[00:00:37]

Was here, hailing a 1 billion pound.

[00:00:39]

Investment in battery production. This new factory means future electric models of the best selling kashkai, the Duke.

[00:00:45]

And the already all electric Leaf will be built here.

[00:00:49]

It's an early return on the Chancellor's commitment this week of 2 billion pounds to fund green car technologies and further.

[00:00:55]

Shores up the UK auto industry. Nissan's investment means it will have three battery factories producing three different electric models. In July, Indian conglomerate Tata, the owner of Jaguar Land Rover, announced a 4 billion pound battery factory in Bridgewater. BMW has confirmed it will build electric minis in Oxford using imported batteries. And Stalantis, owner of Vauxhall, Peugeot and Fiat, will build small electric vans at Elsmere Port.

[00:01:22]

This announcement come just two months after the Prime Minister delayed the transition to electric vehicles by five years, something the Office of Budget Responsibility thinks may have hit demand. But the commitment of up to 200 million pounds of public money here suggests he knows the UK cannot afford to be left behind, even if the industry is keener on electric than he is.

[00:01:46]

While the UK will wait till 2035 to ban petrol and diesel cars, nissan's President told me they're sticking to their.

[00:01:53]

Plan to go all electric by 2030.

[00:01:55]

The market is evolving at many speeds, so I think it's not a matter of the timing, rather how we are going to anticipate the future and to do what we have to do. So for me, as far as our strategy is concerned, we are keeping the way we are and we want to deliver as much as possible something to safer, cleaner and inclusive world to the customer.

[00:02:20]

Electric cars are still pricier than their carbon emitting competitors, but mass production at.

[00:02:25]

Britain's biggest plant must help close the gap. Paul Kelso. Sky News in something.