Nissan announces new $800 million China factory

[June 25, 2012]  BEIJING (AP) -- Nissan Motor Corp. says it will spend up to $800 million on a new factory in China's northeast as part of efforts to expand sales in the world's biggest auto market.

The Japanese automaker said Monday the factory in Dalian will have a production capacity of 150,000 vehicles by 2014. It will be Nissan's fourth manufacturing center in China.

Nissan announced an $8 billion expansion plan for China last year as part of a global strategy to focus on faster-growing emerging markets and reduce reliance on the United States.

[Associated Press]

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