Nissan plans to pump 60b yuan into China business, eyes top 3 spot
Carmaker and JV partner seek to boost volume to 2.6m vehicles a year by 2022
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Beijing
NISSAN Motor plans to invest 60 billion yuan (S$12.5 billion) in China over the next five years with its joint-venture partner as it seeks to become a top three carmaker in the world's biggest market.
Long stuck as a second-tier player in China, Nissan and Dongfeng Group said on Monday they plan to boost their volume to 2.6 million vehicles a year by 2022, up from 1.5 million vehicles last year.
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