Nissan is to assemble Infiniti luxury models in the central Hebei province of China from 2014, according to an agreement signed this week.
Dongfeng Motor, Nissan’s joint venture in China, signed the agreement with Xiangyang municipal government to establish a local production site in the city.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Dongfeng will invest CNY2 bn (US$316m) in the Xiangyang plant to meet growing demand from Chinese buyers, said Kimiyasu Nakamura, president of the company.
Two Infiniti models will be manufactured from 2014 at the plant which currently produces Nissan Teana and Murano models. Annual production capacity will grow from the current 130,000 to 250,000 in 2014, added Nakamura.
He said that manufacturing Infiniti in China will help Nissan reach its target of taking 10% of the global luxury car market in 2016.
