Auto Industry
Industry: Email Alert RSS FeedFed loan will help Nissan build battery plant in Tenn.(NEWS)
Automotive News, June, 2009
Byline: Richard Truett and Hans Greimel
A big chunk of the $1.6 billion loan that Nissan North America received from the U.S. government will pay for a lithium ion battery plant.
The plant will make the batteries and assemble them into ready-to-install modules.
"We wanted the battery plant as close to the manufacturing line for the vehicle as possible, Mark Swenson, Nissan North America's vice president of manufacturing engineering, told Automotive News. "The battery pack itself weighs around 500 pounds. So the closer we can get it to where it is installed in the vehicle, the better.
The assembly line in the Smyrna, Tenn., plant that builds pickup trucks and SUVs will be retooled for five-passenger electric cars. Nissan is...
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