Nissan announces new $1b factory in China

DHAKA: Nissan Motor Corp says it will spend up to US$800 million on a new factory in China’s north-east as part of efforts to expand sales in the world’s biggest auto market.

The Japanese automaker said on Monday the factory in Dalian will have a production capacity of 150,000 vehicles by 2014.

It will be Nissan’s fourth manufacturing centre in China, reports The Straits Times.

Nissan announced an US$8 billion expansion plan for China last year as part of a global strategy to focus on faster-growing emerging markets and reduce reliance on the United States.

BDST: 2001 HRS, JUN 25, 2012

Edited by Robab Rosan, Cultural Affairs Editor