nissan-lelectric-car.jpgNissan Motor Co plans to launch production of electric vehicles and their batteries in Tennessee to tap U.S. low-interest loans for green vehicles.

The facility, in Smyrna, is capable of making 50,000 to 100,000 eco-friendly vehicles a year by 2012.

With an overall investment of at least a half billion dollars, Nissan will also construct a production facility for high-capacity lithium ion batteries at the Smyrna site with NEC Corp.

(Read more in Reuters)

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