Nissan Leaf
Nissan has been awarded a loan to bring its lithium battery production to the U.S.
The gist is the Department of Energy, DoE announced the closing of the loan agreement to bring the Leaf battery production to the U.S. at the Smyrna, Tennessee, manufacturing plant by 2012.
Two days ago, Secretary of Energy Steven Chu announced that the DoEnergy closed a $1.4 billion loan agreement with Nissan North America, Inc. to support the modification of the Smyrna manufacturing plant for the LEAF’s lithium-ion battery packs.
Why is this important? The U.S. has aggressively pursued the manufacturing of anything related to the electricdrive home in order to have an advantage in tomorrow’s new landscape. Betting heavily on the two obvious electric vehicle, EV mainstream makers, Ford and Nissan shows the country is aware of the importance of creating jobs locally and regaining some lost momentum.
Click here for the press release.