Nissan (PINK:NSANY) is expanding its production in China. The Japanese auto giant will invest up to $800 million to construct a new manufacturing plant in Dalian, a seaport in the Northeast province of Liaoning, the Associated Press noted.
The plant, a joint venture with Dongfeng Motor Group (PINK:DNFGY), is expected to be completed by 2014 and will produce 150,000 vehicles a year. China’s car market is expanding rapidly, drawing automakers to open new manufacturing facilities or form joint partnerships with existing Chinese carmakers.
The new Dalian plant will be Nissan’s fourth Chinese production center, and part of the company’s overall strategy to invest $8 billion to boost its operations there. China Daily noted that once the new Dalian facility begins operations, Nissan will produce 1.5 million vehicles a year in China.
Nissan’s sales in China have risen 20.4% this year. Together with its Chinese partner, Nissan sold 800,000 vehicles in the country last year.
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