Nissan and Dongfeng Forge New JV in Guangzhou

Nissan (China) Investment Co and Dongfeng Motor Corporation are teaming up to establish a new joint venture in Guangzhou, China, as per a filing from a local market regulator. This strategic partnership, which sees Nissan controlling a 60% stake, aims to enhance their focus on vehicle and auto part exports. The joint venture marks a significant step in reinforcing international market presence for both companies.

The collaboration is expected to bolster export operations, leveraging Guangzhou's strategic locale in southern China. The move underscores the growing importance of China's automotive market on the global stage. Both companies anticipate that this new venture will augment their competitive edge in both regional and global markets.

The market regulator in southwest China's Chongqing municipality is currently seeking public feedback on this joint venture proposal. Stakeholders and interested parties have until August 9 to submit their comments, ensuring a transparent and inclusive decision-making process.

(With inputs from agencies.)