Vehicle manufacturers have been in a rapid step of building factories as they switch to electric vehicles and Nissan could join this "frenzy" with a new plant in the US.

According to Automotive News, the Telegraph reports, Nissan is considering opening a third plant in the United States to join their existing plants in Smyrna, Tennessee and Canton, Mississippi.

While nothing has been decided, Nissan COO Ashwani Gupta said: "The way we are progressing, I believe we will need a new factory."

Gupta went on to suggest that the plant should be built by the end of the decade and is likely to be in charge of producing electric vehicles.

He added: "I think it might not be a surprise if we announce the construction of a new plant in the US."

However, the executive also indicated the possibility of expanding an existing factory.