Nissan’s Bold Move: What Sparked the Abandonment of Their New Battery Plant?
Nissan halted plans for a $1.1 billion EV battery plant on Kyushu Island, initially set to create 500 jobs, due to declining sales and financial setbacks. The decision reflects broader automotive industry volatility, with Nissan facing a net loss of $4.80 to $5.14 billion last fiscal year. Under CEO Ivan Espinosa, Nissan’s restructuring plans include […]
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