Nissan Accelerates Construction of Powertrain Production Base in China

Xinhua News Agency, Wuhan, July 28 (Reporters Tian Jianjun, Zhang Yi) China's largest auto joint venture company Dongfeng Motor Co., Ltd. (“Dongfeng”) president Nakamura announced on the 26th that in the next two to three years, Nissan Motor Co., Ltd. The pace of localization of China's powertrain will be accelerated, and new power plants such as engines and transmissions will be built in Guangzhou, Zhengzhou, and other places. The goal of all powertrain production in China will eventually be achieved.

Nakamura Hyundai revealed the news at the launch of the Dongfeng Limited 2011-2015 new mid-term business plan to be held in Beijing on the 26th. According to reports, in order to further increase the localization rate of Nissan’s vehicles in the Chinese market, in the next two to three years, in addition to expanding the existing production capacity of Huadu Engine Factory in Guangzhou, Dongfeng Limited will continue to build engines and variable speeds in Guangzhou and Zhengzhou. Boxes and other powertrains will be built at the new plant, including Guangzhou Huadu, which will build a new CVD engine + transmission plant in 2012 and a manual transmission plant in 2013. At the same time, Zhengzhou will also build a new engine plant by 2013.

Nakamura Honda stated that the completion of these powertrain new factories and the continuous improvement of their production capacity will provide strong support for Dongfeng Motor’s limited sales target of 2.3 million vehicles by 2015.

According to the "New Mid-Term Business Plan" issued by Dongfeng Limited, Dongfeng will invest RMB 50 billion in China in the next five years, invest about 30 new models, and increase the annual sales of automobiles from 1 million to 2.3 million.

It is understood that before this, Dongfeng limited the construction of an engine factory in Huadu, Guangzhou in 2004. Currently, the annual production capacity is about 500,000 units. Due to the low level of localization, the Nissan brand products produced by the company need to be imported from Japan for powertrains such as engines and transmissions. After the Great Japan Earthquake this year, due to the insufficient supply of imported parts and components, the production of Dongfeng Limited Automobile was adversely affected to a certain extent.

Dongfeng Motor Co., Ltd., a joint venture between Dongfeng and Nissan, is China's largest auto joint venture so far. It is the first auto joint venture in China with a full range of trucks, passenger cars, light commercial vehicles and passenger car products. Its passenger vehicles use NISSAN. "brand. In 2010, Dongfeng Motor Co., Ltd. completed sales of 12.75 million vehicles, an increase of about 30%, and achieved 1 million sales targets two years ahead of schedule.