Nissan bets $1.4B on China reboot to regain market share - Breaking The News
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Nissan bets $1.4B on China reboot to regain market share

EPA-EFE/STEPHANIE LECOCQ

Nissan Motor Co., Ltd. Chief Financial Officer (CFO) Stephen Ma said at the Shanghai auto show on Wednesday that the company will commit around $1.4 billion to China by the end of 2026.

Nissan, which sold fewer than 700,000 cars in China last year, is determined to reverse this trend by launching around ten new models in the coming years.

"We were always being criticised for being late to the plug-in hybrid trend, but now we have the first one. And we wanted to do something special with it," Ma stated.

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