Nissan and Dongfeng Negotiating to Build EV Factory in China

NissanNissanJapan, 1932 > present159 models
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and Chinese joint venture partner Dongfeng are negotiating to build an electric car factory in China that would cost around $322 million, according to China’s National Development and Reform Commission’s Guangdong branch.

The new factory could be completed by 2014 and build 10,000 Nissan LeafsNissan LEAFJapan, 2009 > present29 versions
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by the end of the year. By 2015, production would reach 50,000 cars.

If built, the factory would give some support to China’s attempt to sell 5 million electric cars in the country by 2020. So far EVs and hybrids has struggled to catch on in China.

Nissan hopes to have 10% of its sales be from EVs by 2020, but it has also had problems finding customers at those levels.

The Guangdong provincial government where the factory would be built published a report stating an interest to having a capacity of 200,000 alternative-fuel vehicles by 2015. 

Source: Bloomberg