Nissan China Venture To Invest $7.8B

The Chinese venture of Nissan Motor is planning to invest around $7.8 billion in the country.

The Chinese venture of Nissan Motor is planning to invest around $7.8 billion in the country, Bloomberg reports. Dongfeng Motor will invest the money from 2011 to 2015.

The company expects to increase annual sales to 2.3 million vehicles by 2015, which was 1.3 million in 2010. Japanese automaker Nissan is aiming to introduce about 30 products in China by 2015, which includes a fully electric car.

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