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October 27, 2009

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China drives to No. 2 spot for Nissan

NISSAN Motor Corp said sales in China rose 35.2 percent in the first three quarters of this year, making the country the second-largest market in the world for the Japanese car maker.

Its sales totaled 541,428 units between January and September, Nissan said in a statement yesterday.

Nissan became the latest international car maker that benefited from China's rapidly rebounding auto market helped by government stimulus measures.

Nissan said passenger car sales in China jumped 47 percent to 400,632 in the first nine months of this year from a year earlier, exceeding its 2008 full-year sales at 384,811 units.

Its flagship model, Nissan Teana, and the Sylphy, produced by Chinese venture Dongfeng Nissan Passenger Vehicle Co, both reported sales exceeding 11,000 vehicles in September.

China's auto market has accelerated rapidly since February after the government introduced subsidies and lowered the tax on small cars.

For the first nine months of this year, car makers sold a total of 9.66 million vehicles, up 34 percent year on year.

General Motors Corp's Chinese sales rose 55.6 percent to nearly 1.3 million units for the first nine months, with September sales at a monthly high of 181,148 units.

SAIC Motor Corp, China's largest auto group, said net profit jumped more than 70 percent for first nine months after sales were fueled by 47 percent from a year ago.

In October China's total vehicle output exceeded 10 million units. It joined the United States and Japan in becoming the third country to surpass the milestone in annual output.


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