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Companies

Nissan deepens China dependence with 30% boost in production

Move comes as Volkswagen and Toyota plan large investments in new-energy vehicles

Nissan Motor's China expansion plans reflect a trend among automakers to focus on the country. (Photo by Takaki Kashiwabara)

TOKYO -- Nissan Motor will spend about 100 billion yen ($904 million) to build a new assembly plant in China and expand production lines at two existing plants there, looking to raise passenger car capacity in the country 30% by 2020.

The Japanese company increases its dependence on the Chinese market as the U.S., Nissan's top-earning market, shows signs of shrinking, and uncertainty hangs over the European economy ahead of Brexit.

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