Nissan Motor Co.’s China sales rose 51.4% to 503,077 units.
Nissan Motor Co.’s China sales rose 51.4% to 503,077 units.
Nissan Motor Co.’s China sales rose 51.4% in the first half from a year earlier to 503,077 vehicles, driven by strong demand from middle-class buyers .the company’s first-half sales in China, the Nissan brand sold 497,964 units, up 50.6 percent year-on-year, and the Infiniti brand sold 5,113 units, a record increase of 218.4 percent.
Joint venture Dongfeng Nissan Passenger Vehicle Co contributed most to Nissan Motor’s first-half sales in the Chinese market by selling 330,873 Nissan cars, growing 47 percent and achieving 55 percent of the full-year sales target. Another venture Zhengzhou Nissan saw its first-half sales grow 70 percent to 42,068 vehicles.
In June, Nissan Motor sold 88,302 vehicles in China, including 12,638 units of the Nissan Teana and 12,128 units of the Nissan Sylphy, both models produced by Dongfeng Nissan venture. Zhengzhou Nissan’s new CDV (clean diesel vehicle) model NV200 sold 1,734 units in the month after launch on June 18.
Nissan’s commercial vehicle venture also sold 1,734 units of NV200 minivans after it was launched on June 18.
Even as car demand may stall, automakers including GM, Volkswagen AG, Honda Motor Co. and Nissan Motor Co. are rushing to boost capacity and introduce new models as they compete for bigger market share.
Nissan, the largest Japanese carmaker in China by sales, aims to expand production capacity in the nation 68 percent to 900,000 vehicles a year by 2012 and plans further increases after that, Chief Executive Officer Carlos Ghosn said in April.
The slowdown in sales growth since April “doesn’t affect our plan,” said Sharon Shen, Nissan’s Beijing-based spokeswoman.
SAIC and GM’s minivehicle-making venture SAIC-GM-Wuling Automotive Co. said last month it plans to boost capacity by 47 percent to 1.31 million vehicles annually by 2012. “We will remain aggressive in our approach to China,” said Deng Xiaoyan, a GM spokeswoman in Shanghai.
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