Nissan gets $1.44 billion green loan for zero-emission mobility investments By Reuters

VW pledges commitment to electric mobility in China, urges extension of tax breaks

Nissan gets $1.44 billion green loan for zero-emission mobility investments

Stock Markets Nov 30, 2022 02:40AM ET

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Nissan gets $1.44 billion green loan for zero-emission mobility investments

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TOKYO (Reuters) - Japan's Nissan (OTC:NSANY) Motor Co has signed a 200-billion-yen ($1.44 billion) green loan agreement to fund zero-emission mobility investments, the automaker said on Wednesday.

The syndicated loan was arranged by Mizuho Bank and MUFG Bank with contract periods of five and seven years, it said in a statement.

The funds will be used for research and development of zero-emission vehicles, components for electric vehicles, and other carbon-neutral initiatives, Nissan added.

($1=138.5700 yen)

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