Dongfeng Motor Company recently announced that it will invest approximately RMB 5 billion (USD $800 million) to create a new Nissan manufacturing plant in Dalian, China.
The company, which is a joint venture for Nissan Motor Company in China, plans to have the plant up and running by 2014. While at that point, the company will produce 150,000 vehicles per year, it is planned to double that capacity at some point in the future.
"Together with the Huadu plant in the south and the Xiangyang and Zhengzhou plants in central China, the Dalian plant in the northeast will be an important addition to our local supply base to realize our sales target of 2 million units in China by 2015," said Hiroto Saikawa, executive vice president of Nissan Motor Co.
The plant will produce mostly Nissan-brand vehicles, but also plans to build 1,000 electric vehicles under the brand Venucia, the report added. This project was mandated by the local government, as the city is considered to be a "pilot city" for vehicles using alternative power resources.