Nissan to export China-developed EVs globally, tie up with Tsinghua University
The Japanese carmaker is considering exporting its line-up of conventional and planned pure electric and plug-in hybrid cars manufactured and developed in China.
The Japanese automaker is considering exporting the line-up of existing internal combustion engine vehicles and upcoming pure electric and plug-in hybrid cars manufactured and developed in China to overseas markets, Masashi Matsuyama, vice president of Nissan Motor and president of Nissan China, told reporters in Beijing.
The company is joining foreign brands including Tesla (TSLA.O), BMW (BMWG.DE) and Ford (F.N) that are expanding their exports of China-made cars to exploit the country’s lower manufacturing costs and increase the capacity utilisation of their factories.
China accounted for just over a fifth of Nissan’s worldwide sales of about 2.8 million vehicles over the first 10 months of the year, down from over a third for the same period last year.