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Nissan prepping entry-priced electric vehicle for China

Made locally on shared platform, car will be half the price of the Leaf

Compact electric vehicles have become a popular way of getting around in major cities in China.

TOKYO -- Nissan Motor is developing a low-priced electric vehicle for China that could be zipping around cities like Beijing and Shanghai as early as fiscal 2018.

The idea is to design a compact car -- in the segment A class -- for urban dwellers who only drive short distances, Nissan CEO Hiroto Saikawa told The Nikkei recently, revealing the Japanese automaker's plans.

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