You are here: Home » PTI Stories » International » News
Business Standard

Nissan's Infiniti to be manufactured in China

Press Trust of India  |  Beijing 

Dongfeng Motor Co Ltd, the joint venture of Nissan in China, signed an agreement with Xiangyang municipal government to establish a local production site in the city for Nissan's Infiniti.

The company will invest Two billion Yuan (USD 316 million) in the Xiangyang plant to meet the demand of the growing Chinese middle and upper classes, Kimiyasu Nakamura, president of the company said.

Two Infiniti models will be manufactured in 2014 at the Xiangyang plant in Hebei, which currently produces Teana and Murano brands.

Annual production capacity at the plant will grow from the current 1,30,000 to 2,50,000 in 2014, Xinhua quoted him to say.

Dongfeng Motor Co Ltd sold 8,00,000 cars in China last year and is targeting to sell one million in 2012.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, May 29 2012. 16:35 IST