Nissan to spend $1 billion on U.S. battery plant, 4 more plants in Europe

Nissan EV-02 prototype - click above for high res image gallery Nissan was one of the three recipients in the first round of low interest loans through the U.S. Department of Energy’s ATVM program along with Ford and Tesla . Nissan will be getting $1.6 billion from the program that will be used to re-tool part of its Smyrna, Tennessee factory to build electric cars and lithium ion batteries

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