Retail in Asia

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Nissan to boost China production capacity by 70pc

Nissan Motor, Japan’s third biggest carmaker, will raise production capacity by almost 70 percent in China even as it expects sales growth to slow.

Nissan CEO Carlos Ghosn, speaking at the Beijing Auto Show, said the carmaker aims to have the capacity to make to 900,000 vehicles a year in China by 2012 and plans further increases after that. That exceeds what the company had said previously and represents a 68 percent increase over its current annual capacity of 535,000 vehicles.

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(Source: scmp.com)