Nissan Expands
Nissan has reason to celebrate the end of summer.
As fall approaches, the Japanese auto giant “inaugurated a new factory” (according the Detroit Free Press) in the Chinese city of Zhengzhou. Reportedly, the new factory will almost double the production in China by 2012. China is fast becoming the world’s biggest vehicle market – largely due to the families that can now afford a car as the Chinese economy booms. Numbers will go from 670,000 to 1.2 million in production capacity within the next two years.
This move reflects Chinese market growth. From last August to the end of this summer, passenger car sales rose by 18% – a remarkable number for any one specific market. Experts believe this number will continue to rise as the Chinese population continues to build personal wealth and accumulate expendable income.
Auto Shippers would like to congratulate Nissan’s growth, and looks forward to watch as Nissan grows even stronger.
Tags: Auto Shippers, China, Nissan, Zhengzou