Tags: nissan | china | us | markets

Nissan CEO Sees China Overtaking US as Biggest Market by 2022

Nissan CEO Sees China Overtaking US as Biggest Market by 2022
(Photo by Scott Heppell/AFP/Getty Images)

Thursday, 08 February 2018 08:45 AM EST

Nissan Motor Co. expects China to overtake the United States as the Japanese automaker's biggest market in terms of vehicle sales by 2022, Chief Executive Officer Hiroto Saikawa said on Thursday.

"We're placing strong focus on increasing sales in China by around 1 million units (by 2022)," CEO Hiroto Saikawa told Reuters in an interview.

"It would be difficult to sell the same number of cars in the United States by then."

Earlier this week, Nissan and joint-venture partner Dongfeng Motor Group Co. said they planned to boost annual sales in China to 2.6 million vehicles by 2022 from 1.5 million last year. 

© 2024 Thomson/Reuters. All rights reserved.


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Nissan Motor Co. expects China to overtake the United States as the Japanese automaker's biggest market in terms of vehicle sales by 2022, Chief Executive Officer Hiroto Saikawa said on Thursday.
nissan, china, us, markets
103
2018-45-08
Thursday, 08 February 2018 08:45 AM
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