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Business trends

Nissan to invest $9.5bn in China to boost electric vehicles

Joint venture aims for 30% of auto sales to be electrics by 2022

Jun Seki, head of Nissan's China business, announces the automaker's medium-term business plan in China with its local partner Dongfeng Group on Feb. 5.

BEIJING -- Nissan Motor on Monday said it will invest 60 billion yuan ($9.52 billion) in China through a joint venture as part of a plan to introduce over 20 electric car models into the world's largest market by 2022.

The Japanese automaker eventually aims to boost total Chinese volume sales -- including gasoline-powered models -- by 70% from 2017 levels, to 2.6 million vehicles.

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