Electric Vehicles
Nissan Spends Another $1.4 Billion on China With EVs a Focus
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Nissan Motor Co. has committed to invest an additional 10 billion yuan ($1.4 billion) in China and says it sees the nation’s intensely competitive automobile market as fertile ground to help it develop electric vehicles, an area where it needs to improve in order to get back on its feet.
“With China moving so fast, we want to stay and we want to compete,” Stephen Ma, the head of Nissan’s operations in China, said on Wednesday during a press conference at the Shanghai auto show. The investment will be made by the end of 2026.