Nissan’s Chef Executive Official Toshiyuki Shiga said that his group has invested US$10 million to establish a company in Vietnam, reports Vovnews.com.
This year, the company will introduce the Nissan’s SUV Grand Livina in the Vietnamese market, assembled by the Hoa Binh Vietnam Manufacturing Company.
Shiga said that in the next three years, Nissan Vietnam will present 8 car models, 3 of them imported. The company is targeting to sell 2,000 Grand Livina in Vietnam, accounting for 5.5 percent of the total market share.
Nissan Vietnam is a joint venture between Japan’s Nissan Group and Denmark’s Kjaer Group A/S with invested capital of US$10 million of which the Danish group are putting up about 75 percent.
