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Market Chatter: Nissan Motor Calls Off US EV Production Plans

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Nissan Motor Co (TYO:7201) will not push through with the proposed electric vehicle production at its plant in the US state of Mississippi, Nikkei Asia reported Friday, citing the company's North American unit.

The move aligns with the car maker's strategic policy review amid a weaker US electric vehicle market, after green vehicle subsidies were terminated last year, the report said.

The company looks to grow production of traditional vehicles at its Canton plant, but will further sell EVs in the US, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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