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Nissan Is Open To China Green Car Alliance

08/09/2010 Comments off

Nissan Motor Manufacturing (UK) Ltd

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Nissan Motor is open to a green car alliance with Chinese automakers, a senior executive said, as it moves to tap the fledgling industry in the world’s largest auto market.

Nissan, 44% held by Renault, is joining General Motors and others in the race for green vehicles which according to analysts, could be the next industry gold mine.

“It’s impossible to develop electric vehicles alone. Joint effort is a more feasible solution,” Yasuaki Hashimoto, president of Nissan China Investment Co, said in an interview.

“Mr Li had also said the alliance won’t stop at the existing 16 member companies only. It can be expanded,” Hashimoto said, referring to Li Rongrong, head of China’s state asset watchdog who has recently retired.

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