Nissan said on Friday that it would pump £1.12 billion ($1.4 billion) into its British plant to build electric versions of two models, offering a boost to the country's auto industry and a prime minister desperate to attract foreign investment.
The Japanese automaker said its plans for electric versions of the Qashqai and Juke, produced in Sunderland, northeast England, would require a total investment of up to £2 billion, including a third battery plant in the U.K. and infrastructure projects that partners would help to finance.
The project is expected to receive government support.