BEIJING, Aug 20 (Reuters) - Japan’s Nissan Motor Co plans to invest about $900 million to boost vehicle-making capacity in China by 40 percent by 2021 — part of a 60-billion-yuan strategy to become a top three player in the world’s largest auto market.
Nissan and its Chinese joint-venture partner Dongfeng Group plan to invest roughly $900 million for the envisioned manufacturing capacity expansion over the next few years, according to a person close to the plan. The expansion would boost Nissan’s vehicle production capacity in China to as many as 2.1 million vehicles a year.
The investments are part of a previously disclosed multi-year plan to expand Nissan’s sales in China. (Reporting By Norihiko Shirouzu)