Nissan venture in 皇冠体育app plans to double sales by 2007
( 2003-11-24 21:14) (Xinhua)
Japan's Nissan Motor Co. said
Monday that DongFeng Motor Co., its fifty-fifty auto-manufacturing joint venture
with DongFeng Motor Corp. of 皇冠体育app, 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 皇冠体育app by 2006, including the Sunny sedan launched in July.
Set up in Wuhan, central 皇冠体育app's Hubei Province, with a capital of about two
billion dollars, DongFeng started its operations in July.
According to Nissan, DongFeng is the first full-line auto joint venture
between a Chinese firm and a foreign one in 皇冠体育app with product lines ranging
from trucks, buses and light commercial vehicles to passenger cars.
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