Nissan Is Nearing Decision on New Assembly Plant in China, CEO Says
- Company seeks to boost China annual sales by 1 million units
- Japanese carmaker may also add U.S. factory, Saikawa says
A Zhengzhou Nissan Automobile Co. Ltd. X-Trail sport utility vehicle (SUV) is inspected at the factory in Zhengzhou, Henan province, China, on Monday, Sept. 20, 2010.
Photographer: Nelson Ching/Bloomberg
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Nissan Motor Co. 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.
“First step is adding capacity in the existing operation. We still have some room to expand,” Chief Executive Officer Hiroto Saikawa said Monday during an interview in Cordoba, Argentina. “Second step is we may add another new plant” that would have the capacity to build 300,000 to 500,000 vehicles.