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September 17, 2009

CHINA: Nissan to beat 2009 sales targets

Boosted by the Chinese government's consumer incentives, Nissan Motor Co believes its sales in the country to jump 18% ahead of its original targets of 570,000 vehicles in 2009.

Boosted by the Chinese government’s consumer incentives, Nissan Motor expects sales in the country to jump 18% ahead of its original target of 570,000 vehicles in 2009.

Reuters said that the automaker now expects to sell about 670,000 vehicles in China in 2009.

Earlier this month, Nissan said it had begun shipping key components from its Chennai facility in India to China and Thailand.

“Trial production of parts has begun for the global platform cars scheduled to debut in China and Thailand next year. The tests have been very successful so far,” Nissan Motor India chief Kiminobu Tokuyama said at the time.

In July, the Dongfeng Motor Group joint venture with Nissan Motor said it planned to spend RMB5bn (US$732m) to expand a new passenger vehicle plant in the southern city of Guangzhou.

The 240,000 unit plant will start operations in 2012, the company said in a statement, more than doubling total output to 700,000 a year.

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