Nissan (OTC: NSANY) Motor Co. of Japan has signed a green loan agreement for 200 billion yen ($1.44 billion) to fund investments in zero-emission mobility, the company said on Wednesday.
In a statement, it said that Mizuho Bank and MUFG Bank set up the syndicated loan with terms of five to seven years.
Nissan said that the money will be used to research and develop zero-emission vehicles, parts for electric vehicles, and other carbon-free projects.
Related: Renault raises its goal for operating margin, but a deal with Nissan remains elusive.
($1=138.5700 yen)
