Advanced Technologies Vehicle Manufacturing Loan Program
In January 2010, the Department of Energy awarded Nissan a $1.45 billion loan under the Department of Energy’s Advanced Technology Vehicles Manufacturing (ATVM) Loan Program. Nissan used the loan to retool its Smyrna, Tennessee manufacturing facility for assembly of the all-electric LEAF vehicle, develop an efficient and environmentally friendly paint plant, and construct one of the largest advanced battery manufacturing plants in the U.S.
The Nissan LEAF vehicle has an all-electric, powertrain which improves fuel economy over internal combustion engine vehicles. Nissan’s new paint plant will improve energy efficiency by 30% compared to the paint plant it is replacing. Nissan’s state-of-the-art manufacturing plant will have the capacity to produce 200,000 battery packs annually.
Nissan’s ATVM-supported projects will create just over 1,300 jobs and conserve up to 9 million gallons of gasoline per year.
Nissan is helping lay the groundwork to develop a U.S. infrastructure that will support electric vehicles. The company has formed partnerships with states, counties, municipalities, and electric utilities to prepare markets for the introduction of electric vehicles; including the installation of charging stations.