Nissan venture in China plans to double sales by 2007

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Last updated at: (Beijing Time) Tuesday, November 25, 2003

Nissan venture in China plans to double sales by 2007

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Japan's Nissan Motor Co. said Mondaythat DongFeng Motor Co., its fifty-fifty auto-manufacturing joint venture with DongFeng Motor Corp. of China, plans to double car sales by 2007 to 620,000 units from 300,000 units this year.

Under a four-year business plan, DongFeng Motor plans to boost its sales in value by 2007 to 80 billion yuan (9.7 billion US dollars) from 17 billion yuan (2.06 billion US dollars), that the company expects to post in the second half of this year.

Nissan said the joint venture plans to launch six new Nissan-brand passenger cars in China by 2006, including the Sunny sedan launched in July.

Set up in Wuhan, central China's Hubei Province, with a capitalof about two billion dollars, DongFeng started its operations in July.

According to Nissan, DongFeng is the first full-line auto jointventure between a Chinese firm and a foreign one in China with product lines ranging from trucks, buses and light commercial vehicles to passenger cars.

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