Nissan Motor Co. (OTCMKTS: NSANY) Once Led The Electric Car Market, Fell Behind, Yesterday Said It Is Now Planning $500 Million Investment To Build Two New Electric Car Models And Is Scouting For New Battery Plant In US; Solar Inte-grated Roofing Corp.'s (OTC PINK: SIRC) PLEMCo. Subsidiary Sees OEM Sup-port For EV Charging Stations

Nissan Motor Co. (OTCMKTS: NSANY) Once Led The Electric Car Market, Fell Behind, Yesterday Said It Is Now Planning $500 Million Investment To Build Two New Electric Car Models And Is Scouting For New Battery Plant In US; Solar Inte-grated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo. Subsidiary Sees OEM Sup-port For EV Charging Stations

Posted February 18, 2022

In NASDAQ: BLNK, NASDAQ: CSIQ, NASDAQ: EVGO, NASDAQ: FSLR, NASDAQ: ROCK, NASDAQ: RUN, NASDAQ: SEDG, NASDAQ: SPWR, NASDAQ: TSLA, NASDAQ:CSIQ, NYSE: CHPT, NYSE: F, NYSE: GM, NYSE: SPRQ, OTC PINK: SIRC, OTCMKTS: NSANY

Nissan Motor Co. (OTCMKTS: NSANY) early on led the electric car market with Leaf back in 2010, then dropped behind, now it is seeking a leadership role again. Yesterday it announced It will be investing $500 million to retool its plant in Canton, Mississippi, to build two new electric vehicle models. It is also looking for a US site to build a new electric battery facility. Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo. subsidiary sees this strategy as more OEM support for electric cars and its supporting EV Charging Stations industry.

stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), ChargePoint (NYSE: CHPT), EVgo (NASDAQ: EVGO), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).

Nissan Motor Co. (OTCMKTS: NSANY) Once Led The Electric Car Market, Fell Behind, Yesterday Said It Is Now Planning $500 Million Investment To Build Two New Electric Car Models And Is Scouting For New Battery Plant In US; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo. Subsidiary Sees OEM Support For EV Charging Stations

Nissan paced the electric car market when it led all when it introduced its Leaf model. It was early, the Leaf had extremely limited range and electric cars were not yet all the rage. Now Nissan is planning to invest $500 million to retool its plant near Canton, Mississippi to build two new electric vehicle models. At the same time, it is searing for a US site to build a new electric battery plant.

US News & World Report says Nissan plans to begin building the two new all-electric vehicles in the re-tooled Mississippi plant by 2030. Its goal is to have electric vehicles make up 40% of its US sales by 2030. Globally, Nissan plans an $18 billion investment in electric vehicles by 2030, the Company said.

In the 19-year-old Canton plant, Nissan currently builds both Altima and Nissan models. Nissan said the Canton facility will be one of several planned to be repurposed and dedicated for electric vehicles. In total, Nissan plans to debut some 23 new electrified vehicles by 2030. And it is still building the compact Leaf model in Smyrna, Tennessee.

“We are investigating the right location and the right timing” to build the US battery factory. It should be soon,” Ashwani Gupta, Nissan COO, tells US News & World Report. Nissan Motor Co. Once Led The Electric Car Market, Fell Behind, Yesterday Said It Is Now Planning $500 Million Investment To Build Two New Electric Car Models And Is Scouting For New Battery Plant In US; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo. Subsidiary Sees OEM Support For EV Charging Stations.

At the same time, General Motors (NYSE: GM) is planning to spend some $4 billion on overhauling the factory where it makes Bolts — its original electric car model, which made its debut in Europe.

SIRC is watching all this OEM electric car maker investment spending in building more all-electric cars/trucks and can only be excited about prospects for its PLEMCo., subsidiary, which installs EV Charging Stations which supports electric cars. The SIRC prospects as this news breaks are great. Nissan Motor Co. (OTCMKTS: NSANY) Once Led The Electric Car Market, Fell Behind, Yesterday Said It Is Now Planning $500 Million Investment To Build Two New Electric Car Models And Is Scouting For New Battery Plant In US; Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo. Subsidiary Sees OEM Support For EV Charging Stations.

General Motors (NYSE: GM) plans to invest some $4 billion overhauling the factory where Bolts are made — to begin production of electric pickup trucks beginning in 2024. GM is focused on making its 400,000 electric car/truck goal and becoming a leader in the electric vehicle sector.

Mary Barra, GM CEO, said the Company is focusing on selling more electric vehicles now. GM, she said, is now looking to build its third electric truck plant. GM is now only chasing electric market leader Tesla (NASDAQ: TSLA), it is all-in on the electric vehicle business model.

To that end, GM will continue to suspend its dividend payments to shareholders and use that funding, instead, for its investment in electric vehicle production, infrastructure and marketing.

SIRC’s PLEMCo., subsidiary installs EV Charging Stations. GM’s all-in strategy on electric vehicles and now Nissan’s new commitment to EVs is seen as another positive indication of OEM support for electric vehicles. For PLEMCo., that bodes well for its future as an EV Charging Station supplier.

Electric charging stations are projected to reach $111.90 Billion by 2028 with a 30.26% CAGR jump, says Fortune Business Insights. To Solar Integrated Roofing Corp.’s (OTC PINK: SIRC) PLEMCo. subsidiary that means OEM commitment to the EV Charging Stations industry.

SIRC’s advantage is that its installers are already performing solar work in the home — where some 80% of EV charging takes place, the government says. But it is also watching partnership agreements between EV Charging Station companies and OEM electric car makers such as GM and Ford (NYSE: F) and other retailers allied to the field — such as Bridgestone-owned Firestone aftermarket auto repair/tire centers.

If President Biden is to hit his goal of a government-owned fleet of 500,000 electric vehicles — and hit 2030 carbon pollutant-reduction goals — he will need to fund the building of more EV Charging Stations. That’s great news for installers like SIRC and its PLEMCo. subsidiary.

Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.

Source: Stock Market Press

Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.

Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.

Contact:

Stock Market Press
110 Wall St.
New York, NY 10005 info@stockmarketpress.com https://twitter.com/PressStock

Safe Harbor Statement:

Statements in this news release may be ”forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

See Stock Market Press disclaimer: https://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press

Shannon Roxborough

Shannon Roxborough is SMP's senior contributor writer. A financial journalist for more than 20 years, he has covered U.S. and global markets across all sectors. A former correspondent with Money magazine and columnist with Small Cap Investor, his writings have appeared in The Wall Street Journal and numerous other financial publications.