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Dongfeng Motor CO LTD INVESTS RMB 5 BILLION FOR A NEW PLANT IN DALIAN, China.
The first plant in northern China adds an initial capacity of 150,000 units.
Executive Vice President Hiroto Saikawa important step to provide 2 million units in China by 2015.
1,000 Venucia electric vehicles for use in the pilot project by the city of Dalian in 2014.
Dalian, China June 25, 2012 - Dongfeng Motor Co Ltd DFL, Nissan's joint venture in China, announced today that it will build a new manufacturing plant in Dalian, Liaoning Province, China with an investment of up up to 5 billion RMB USD 800 million the Dalian plant is expected to start manufacturing Nissan brand passenger vehicles, will have an initial annual production capacity of 150,000 units by 2014, and increase to 300,000 units.
China is our largest market today and will continue to be one of the most important engines of growth for Nissan, said Hiroto Saikawa, executive vice president of Nissan Motor Co Ltd in the inauguration ceremony Together with the Huadu plant in southern and Xiangyang and Zhengzhou plants in central China, the Dalian plant in the northeast will be an important addition to our local supply base to achieve our sales target of 2 million units in China by 2015, the Dalian plant reconfirms Nissan's commitment to China and our commitment to continue offering high -Quality products to our Chinese customers around the country.
DFL also signed a contract to deliver 1,000 electric vehicles electric Venucia-brand vehicles in the pilot program led by the municipal government of Dalian in 2014 DFL and Dalian, as a pilot city for alternative energy vehicles, collaborate to promote electric vehicles and the necessary infrastructure to support them.
Thank you to the Dalian municipal government, we are very pleased to contribute to this program through the provision of 1,000 electric vehicles, said Kimiyasu Nakamura, president of DFL Nissan is committed to zero emission leadership globally and we believe the electric vehicle is the most viable solution alternately mobility of energy for the Chinese market DFL will launch the Venucia EV adapt the advanced Nissan EV technology and will continue to work with governments to achieve this vision, he added.
The concept Venucia EV was recently presented at the Beijing Auto Show in April 2012.
dollar bill amounts are translated for the convenience of the reader at the exchange rate of RMB 1 0 16 USD.
Dongfeng Motor Co Ltd DFL Dongfeng Motor Co Ltd was established in 2003 as a global partnership strategy between the Dongfeng Group and Nissan Motor Co Ltd DFL is the first joint venture in China for a full range of passenger cars, commercial vehicles and H VCM, and has experienced faster growth than the total market in China the share capital of the company is 16 RMB 7 billion, the largest automotive joint investment venture in China with Dongfeng and Nissan each hold a 50 hundred.
Dongfeng Nissan Passenger Vehicle Company DFL-PV Dongfeng Nissan Passenger Vehicle Company DFL-PV is a business unit of Dongfeng Motor Co Ltd Nissan joint venture with Dongfeng Motor Group Co Ltd DFL-PV is engaged in operations research and development, manufacture and distribution of passenger vehicles.
Venucia Venucia is a new local car brand D50 DFL-PV, the first car brand Venucia launched in April 2012 and is manufactured in the plans of the factory in Zhengzhou are to launch another model by 2012 end of year, and will be sold through about 100 dealers throughout the country as long term Venucia aims to sell 300k units with 5 new models to over 250 dealers by 2015 Venucia name comes from the ancient Roman Venus five stars represent five brand promises of the company's brand logo - respect for the customer, create value, do the best, achieve world-class quality and seek the dream.
Nissan Motor Co Ltd and its activities in China Nissan Motor Co Ltd the second Japanese automaker, is headquartered in Yokohama, Japan, and is part of the Renault-Nissan Alliance Nissan provided customers with 4845 million vehicles worldwide in FY2011 China is the largest market for Nissan, which represents more than a quarter of its global sales Nissan began large-scale activities in the Chinese market in 2003 with the establishment of Dongfeng Nissan Motor Co Ltd launched its brand luxury, Infiniti, in China in 2007 Nissan's sales volume, including passenger and light commercial vehicles increased from 94,000 units in 2003 to about 1 25 million units in 2011 to 2012, Nissan sales target 1 35 million vehicles in China many Chinese sales is based CY.
NISSAN MOTOR CO LTD DONGFENG, Nissan, dongfeng, motor, Dongfeng Nissan Motor.