Nissan to make electric cars in U.S.: report

(Reuters) – Nissan Motor Co plans to launch production of electric vehicles and their batteries in the United States to tap low-interest loans for green vehicles, the Nikkei business daily said.

The overall investment is estimated at 50 billion yen ($516.4 million) and may rise to 100 billion yen, it said.

Under the plan, the new electric-car assembly lines are to be built at a plant in Smyrna, Tennessee, where Nissan North America Inc is based, the paper said.

Reuters