Nissan is considering investing in a third plant in the United States to support the growing demand for EVs on the continent.
Nissan Chief Operating Officer Ashwani Gupta made the comments yesterday at Nissan’s Yokohama headquarters.
Gupta did confirm that the third plant would not be an added assembly line to any of the existing plants but a new facility. However, he did not rule out that it would be an extension to an existing plant.
Nissan currently has two plants in the United States. Their Canton, Mississippi plant principally produces the Nissan Titan and Nissan Altima. While their plant in Smyrna, Tennessee, mainly produces the Nissan Leaf and Nissan Pathfinder.
Nissan is considering this third plant due to a couple of reasons.
First, with potential Buy America incentives on EVs still making their way through Congress, there may be an incentive to build EVs stateside.
Second, a fluctuating exchange rate between the Japanese Yen and the US dollar may make localized production a better option for the company.
Considering the company posted its first profitable year in three fiscal years, it is a good time for Nissan to look at the possibility of expansion.
Gupta nor Nissan provided any timeline for a decision on a third US plant. Nor did they hint at a location in the United States.