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Nissan to invest $9 billion for EVs in China www.nhk.or.jp
Nissan Motor plans to invest about 9 billion dollars in China over the next 5 years to boost production and sales of electric vehicles.
Officials of Nissan and joint venture partner Dongfeng Motor Group announced the strategy at a news conference in Beijing on Monday.
They said the joint company aims to increase its annual sales to 2.6 million vehicles by 2022. That's 1.5 million more vehicles than last year.
The company intends to introduce 6 new EV models in China over the next 2 years.
It also wants to develop more than 20 other models, including electric and hybrid vehicles.
By 2020, the partners hope to increase sales of EVs or hybrids to some 30 percent of new car sales.
The head of the joint venture company, Jun Seki, said the Chinese auto market is growing drastically, and that the company aims to be the top brand for electric vehicles in China.
Toyota also plans to start selling electric vehicles in China in 2020.
Published Date:2018-02-05
