Photo: Nissan
Japanese motor company Nissan has announced it will be committing 10 billion Yuan (approx. $1.4 billion) to its Chinese operations.
The announcement was made at the Shanghai Auto Show where the automaker claimed China is the ideal market in which the company can develop its electric vehicles (EVs).
They hope to launch 10 new models using the investment which will be released in the coming years.
Stephen Ma, Head of Nissan’s Chinese operations, during the announcement said:
“With China moving so fast, we want to stay and we want to compete. We can successfully thrive and compete here and so China has become a very good market for us to pilot many things.”
Additionally, two new vehicles were also announced during their presentation at the Shanghai Auto Show. These include a new N7 electric sedan and a plug-in hybrid Frontier Pro pick-up truck.
These releases will be the Japanese automaker’s first-ever plug-in Hybrid and Nissan’s first-ever electrified pickup truck.
Watch the full announcement at the Shanghai Auto Show here:
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