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Nissan Borrows $1.4 Billion To Make EV, Carbon-Neutral Investments

motor1.com logo motor1.com 11/30/2022 Christopher Smith

Nissan Logo © Motor1.com Nissan Logo

The loan is through Mizuho Bank and other lenders, with a contract period of five and seven years.

Nissan is taking a big step toward the future with a significant investment in electrification and carbon-neutral operations. However, to make that happen, the Japanese automaker is taking on an equally large loan to the tune of 200 billion yen. In current financial markets, that equates to $1.44 billion.

Specifically, Nissan says the loan is for "zero emission mobility investments." The company signed the loan on November 30, arranged by Mizuho Bank with MUFG Bank and other financial institutions involved. The contract period is five and seven years, and the money will go towards funding for a variety of green projects.

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Source: Nissan

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