Dongfeng-Nissan JV says mid-term China sales plan has not modified

Nissan’s China joint venture with Dongfeng has not made any modified to its mid-term China sales strategy, a company spokeswoman informed Reuters on Wednesday, responding to a report that it has slashed its sales target.

“Dongfeng Motor Company Limited has not changed its mid-term China plan. We will study whether to change the plan based on the future market situation” the spokeswoman stated.

Dongfeng Motor Company is the joint venture between Nissan and Dongfeng in China.

Bloomberg reported previously on Wednesday that the JV slashed its 2022 China car sales target by about 8 percent, mentioning unnamed sources.

Reuters reported in 2018 that the Japanese automaker plans to invest 60 billion yuan ($9.5 billion) in China during the next five years with its joint-venture partner as it looks to become a top three automaker in China.