Dongfeng Nissan joins forces to expand overseas markets

Dongfeng Group and Nissan Motor announced on June 25 the establishment of a joint venture with a registered capital of RMB 1 billion, focusing on automobile export business. Dongfeng and Nissan will invest RMB 400 million and RMB 600 million respectively, holding 40% and 60% of the equity respectively. The two parties plan to increase their international market share by integrating financial resources and supply chain capabilities.