Nissan biggest old carmaker threat to Tesla’s EVs

Nissan recently announced a new US$17.3 billion investment to help transition its business to being focused around electric vehicles (EVs).

The investment is centered around its Sunderland plant in the northeast of England, which already makes the popular Nissan Leaf, and a plan to build 23 new electric models by 2030.

But Nissan, like most traditional automakers, has a long way to go if it wants to catch Tesla. Elon Musk’s company is easily the biggest seller of EVs in the world, with the Model 3 and Model Y shifting around 230,000 vehicles per quarter between them worldwide.

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