Nissan is forming a joint venture with Yulon Motor Co. to sell Nissan cars in Taiwan and support Nissan’s efforts to expand in the Chinese market, Bloomberg News reported.
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According to the news agency, Yulon, Taiwan’s largest car maker, will take a 60% stake in the new company, while Nissan will own 40 percent. Both sides reached a preliminary agreement with details to be worked out by the end of the year.
Yulon, which has major operations in China, already manufactures Nissan products and has a cooperative relationship with Nissan, the report said.
