Nissan may build another factory in China to expand sales by 1-million units
Buenos Aires — Nissan Motor may decide soon on building another factory in China as the company pursues a goal of expanding sales in the country by 1-million units by 2022, according to its CEO. "[The] first step is adding capacity [to] the existing operation. We still have some room to expand," CEO Hiroto Saikawa said during an interview in Cordoba, Argentina on Monday. "[The] second step is that we may add another new plant" that would have the capacity to build 300,000 to 500,000 vehicles. China is poised to overtake the US to become Nissan’s biggest market this year, and the Japanese car maker trails only Volkswagen (VW) and General Motors in the country. Nissan officials said in February that the second-largest Japanese vehicle maker planned to spend ¥1-trillion over five years to become the largest global electrified vehicle maker in China. Dongfeng Motor Group, Nissan’s partner in China, will invest 1-billion yuan ($146m) to turn an existing facility in Changzhou, Jiangsu pro...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.