Japan’s Nissan Motor plans to double its production capacity in China to 1.2 million units by 2012 as it aims for a 10% share of the world’s biggest auto market.
The new plan is 20% above an earlier published target of Nissan, emphasizing its strong interest in China. Understandable because China has galloped ahead while the rest of the world suffered a steep downturn in automobile sales.
Nissan, 44% held by France’s Renault, runs an auto venture with Dongfeng Motor Group which has now announced the opening of its first sport utility vehicle plant in the central Chinese city of Zhengzhou.
SteelGuru reports Nissan is now the top-selling Japanese automaker in China, overtaking Toyota, thanks to an emphasis on small cars that met the government’s tax incentives.
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