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.
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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.