Nissan Motor Co. will source more batteries from Britain to avoid tariffs on electric cars after the U.K.'s trade deal with the EU, which a senior executive told Reuters turned Brexit from a risk into an opportunity for its factory in northeast England.
Chief Operating Officer Ashwani Gupta also said Brexit-related problems at ports since Jan. 1 were "peanuts" for Nissan, which has had to handle COVID-19 and natural disasters.
Following Britain's departure from the European Union, London and Brussels struck a trade deal on Dec. 24 that avoided major disruption as well as a 10% levy on cars, provided they meet local content rules.