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在线翻译:
szdaily -> Business -> 
Nissan to boost production capacity by 40%
    2018-08-23  08:53    Shenzhen Daily

JAPAN’S Nissan Motor Co. plans to invest about US$900 million to boost vehicle-making capacity in China by 40 percent by 2021 — part of a 60-billion-yuan (US$8.73 billion) strategy to become a top-three player in the world’s largest auto market.

Nissan and its Chinese joint venture partner Dongfeng Group intend to invest roughly US$900 million for the envisioned manufacturing capacity expansion over the next few years, according to a source close to the plan. That would boost Nissan’s vehicle production capacity in China to as many as 2.1 million vehicles a year.

The investment is part of a previously disclosed multi-year plan to expand Nissan’s sales in China.

China’s auto market has been dominated by General Motors and Volkswagen AG for nearly two decades, with each selling 4 million vehicles last year.

Nissan, along with Toyota Motor, Ford Motor and Honda Motor, lag far behind, each selling 1 million-plus vehicles a year. Nissan wants to break out of this second tier to become a top-three China automaker, Nissan China managers have said.

Nissan sold 1.5 million vehicles last year. Its goal is to sell up to 2.6 million vehicles a year by 2022, said the source.

Nissan in February outlined a five-year plan, dubbed “Triple One,” to increase its market share in China by focusing on electric cars and the Venucia, a no-frills local Nissan brand in China — two market segments expected to see a surge in demand. It also aims to boost sales of light commercial vans and trucks.

Nissan and Dongfeng would use two existing assembly plants to produce Nissan brand passenger cars and construct a new plant in Wuhan, Hubei Province.

Nissan plans to use the added capacity to produce both electric vehicles and gasoline-fueled cars for the Nissan brand and its China-only Venucia brand.

(SD-Agencies)

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