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The new factory of Zhengzhou Nissan Automobile Co., Ltd., a joint venture between China and Japan, officially broke ground in the Zhengzhou Economic and Technological Development Zone on the 29th. This marked that China's first dual-brand project of “Dongfeng†and “NISSAN†light commercial vehicles implemented by Zhengzhou Nissan has been fully launched.
Guo Zhenlu, general manager of Zhengzhou Nissan said that the new investment in the first phase of the new plant will be 1 billion yuan, according to 51%, 28.651%, 20.349% by Dongfeng Motor Corporation, Dongfeng Motor Co., Ltd. and Nissan (China) Investment Co., Ltd. % of equity investment. The new plant is expected to be completed in May 2010 with a designed annual production capacity of 120,000 units. By that time, the annual production capacity of Zhengzhou will reach 200,000 units.
Established in 1993, Zhengzhou Nissan formally joined Dongfeng Motor Co., Ltd., a joint venture between Nissan and Nissan in 2005. After restructuring, it gained a new life. When the annual production and sales exceeded 20,000 units for the first time, it exceeded 30,000 and 40,000 in 2006 and 2007 respectively. Taiwan is expected to reach 50,000 units this year, a new year. At present, Zhengzhou Nissan has been identified as the main development base for Dongfeng and Nissan's dual-brand LCV (light commercial vehicle) products, and has become the main player for the Nissan LCV product line in China.
According to the medium-term plan of Zhengzhou Nissan, in 2009, Zhengzhou Nissan will release three new products to the market, including two Nissan brands and one Dongfeng brand model. By 2010, the company's production and sales volume will exceed 100,000 units, and in 2012 it will exceed 200,000 units.