courtesy: ET Auto
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Nissan Motor on Sunday said that it plans to sell electric vehicles developed in China globally as it has struck a deal with the country’s top university to leverage local resources to accelerate research and development on electrification.
The Japanese automaker is considering exporting the line-up of existing internal combustion engine vehicles and upcoming pure electric and plug-in hybrid cars manufactured and developed in China to overseas markets, said vice president of Nissan Motor and president of Nissan China, Masashi Matsuyama, in a conversation with reporters in Beijing.
Nissan is planning onto targeting the same markets as Chinese rivals such as BYD, he added.
The company is latest on the list of foreign brands expanding their exports, of China-made cars, which includes Tesla, BMW, and Ford. The move is to primarily exploit country’s cheap manufacturing costs and increase the capacity utilization of their factories.