03 Jun Nissan signs MoU with Chery International UK
London, (Oilandgaspress) Nissan and Chery International UK have signed a non-binding Memorandum of Understanding (MoU) for the study of contract manufacturing for Nissan to manufacture Chery International UK passenger vehicles at its Sunderland Plant.
Under the terms of the non-binding MoU the Sunderland facility would remain fully owned by Nissan, with the team at the plant employed by Nissan. The MoU also includes the possibility that Nissan would aim to begin manufacturing Chery International UK passenger vehicles on the plant’s production Line One in financial year 2027.
In May Nissan announced that it would consolidate its manufacturing operations onto production Line Two to investigate opportunities to secure better plant utilisation.
Massimiliano Messina, Chairperson Nissan AMIEO, said: “This is an important step forward for our operations.
“We are looking forward to working with Chery International UK in the coming months to finalise a position that is optimal for both companies.”
The MoU is non-binding, and discussions are ongoing between the two companies, with no further details to be made public at this stage.
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