Nissan Motor will spend around US$900m expanding vehicle assembly in China to increase company production capacity by 30%, Reuters reported, citing the Nikkei newspaper.
The reports said Nissan, is in the final stages of talks with Chinese partner Dongfeng to build a new plant in Wuhan in Hubei province.
Go deeper with GlobalData
The investment in Wuhan, worth JPY100bn ($905m), is expected to have an annual production capacity of 200,000 to 300,000 cars a year, the Nikkei reported.
A Nissan spokesman told Reuters new production lines would be added to a Dongfeng plant in Changzhou in Jiangsu province, which would increase capacity by about 120,000 passenger cars a year.
In addition to Changzhou, Nissan is exploring the possibility of expanding production capacity in China but no further details could be confirmed, the spokesman said.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
