BEIJING – Carlos Ghosn, president and CEO of Nissan Motor Co., Ltd. and Renault, said at Auto China 2012 that localized production of the Infiniti and Renault will begin in 2014.
Two models of the Infiniti, Nissan’s luxury brand, are already on the list. A person familiar with the matter told CBU/CAR that the Infiniti models will be produced in Xiangfan, Hubei Province, where Dongfeng-Nissan makes the Teana.
“All our models for different segments will be produced in China, including Renault,” Ghosn said.
The Chinese market takes up 25 percent of Renault-Nissan’s global sales. Therefore, China is “absolutely important to Renault-Nissan,” Ghosn said. “It’s just a question about when the local production of the Infiniti and Renault could begin.”
The company does not plan to export vehicles that are produced in China, as the locally produced models will just focus on the market here.
Ghosn expected 5-6 percent growth for the Chinese vehicle market this year and 6-10 percent growth for the passenger vehicle market. Although the speed of growth has slow down, he believes that huge potential remains.
Nissan right now has a market share of 7.4 percent in China, and its goal is 10 percent in 2016. The company expects to sell 1.35 million vehicles in China this year and up to 2 million in 2015.