Nissan Motor to Make Electric Cars for Guangdong
NSANY | Quote | Chart | News | PowerRating -- Japanese automaker Nissan Motor Co., Ltd. (TYO: 7201) has agreed with the government of Guangdong Province, south China, about the introduction of its electric cars locally, according to Carlos Ghosn, president and CEO of the Renault-Nissan Alliance.
The government has promised to build matching facilities to boost the application of Nissan electric cars, said Mr. Ghosn, adding that Nissan's electric car business needs a strong governmental support in the earliest period. In the US, a consumer can get a subsidy of CNY 7,500 for purchase of a car without exhaust emissions.
The CEO estimated that China's new automobile sales volume would jump 40% year on year in 2009, and this rising tide could continue in the several years to come. Thus, the Nissan factory based in Huadu District of Guangdong's Guangzhou City is set to increase its production capacity from 360,000 cars to 600,000 cars a year.
In addition, Mr. Ghosn predicted that the Nissan brand would represent a 5.6% share of the whole Chinese passenger vehicle market this year.
Source: www.163.com (November 13, 2009)
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