Transportation
Nissan Cancels Plan to Build Electric SUVs at Mississippi Plant
The Nissan Motor Co. headquarters, center, in Yokohama, Japan.
Photographer: Kiyoshi Ota/BloombergNissan Motor Co. is canceling plans to make a pair of fully electric SUVs at a factory in the US, citing waning demand among American consumers for all-electric vehicles.
The decision, which was relayed Thursday to dealers and parts suppliers in the US, comes as part of a broader recalibration of its product strategy as the Japanese carmaker seeks to conserve cash. Nissan had previously frozen plans to start manufacturing EVs at the plant in Canton, Mississippi, where it expects to build a V6 engine-powered hybrid version of its Xterra SUV.