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.
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