Boost for local manufacturing as plans for $700 million EV hub announced
A new player has emerged in the budding Australian automotive manufacturing industry, with electric bus supplier Nexport announcing their intentions to construct a $700 million electric vehicle (EV) manufacturing hub in the Southern Highlands of New South Wales.
Australia’s largest supplier of electric buses, Nexport provides buses to local and state governments around the country and are looking to upscale their operations after being asked to assist the NSW Government in electrifying their entire public fleet.
Partnering with cleantech investment company TrueGreen for the venture, Nexport has identified a 51-hectare site in Moss Vale, NSW to construct the manufacturing hub, which will eventually house the development of a range of new electric cars, trucks and taxis in addition to buses.
Construction of the facility is expected to take up to five-years and once fully operational will deliver approximately 2,000 jobs to the area.
With many state governments, led by NSW and the ACT, in the process of transitioning to clean energy technology as they look to reduce their carbon footprints, Luke Todd, CEO of Nexport and TrueGreen stressed the importance of bringing manufacturing back to Australia and developing manufacturing export opportunities.
“TrueGreen and Nexport are planning to bring automotive manufacturing back to Australia with the next generation of cost effective electric vehicles,” said Todd.
“It’s vital to Australia’s long term future and prosperity that we look for advance cleantech manufacturing opportunities that we can export to other countries.”
With the company looking to get a head-start on introducing more EV options for Australian consumers, Nexport will introduce an EV import platform and has partnered with Chinese EV manufacturer BYD to import BYD EVs to Australia until production of their own vehicles is up and running.
Nexport follows in the footsteps of manufacturers such as Australian Clean Energy Electric Vehicle Group (ACE EV) and H2X who have recently committed to re-starting Australia’s manufacturing industry by building clean energy vehicles locally.
Source: Manufacturers’ Monthly | TrueGreen and Nexport to advance CleanTech manufacturing
21 October 2020