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Nissan to pump $9.5 bln into China business, eyes top 3 spot

BEIJING: Nissan Motor Co blueprints to invest 60 billion dollars yuan ($9.5 billion) in China over the next five years with its joint-venture partner as it seeks to turn into a top three automaker in the world's biggest market.

Much longer stuck as a second-tier player in China, Equipment and Dongfeng Group said on Monday they plan to boost their amount level to 2.6 million vehicles a year by 2022, up from one particular 1.5 million vehicles previous one year .

Nissan plans to achieve the objective, referred to as its "Triple One" strategy, by focusing on electric cars and Venucia, a no-frills local brand Machine are operating in China and tiawan - two market sections expected to see an increase in demand. That also should increase sales of light commercial vans and trucks.

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