Nissan aims high in Chinese EV market

|About: Nissan Motor Co., Ltd. ADR (NSANY)|By:, SA News Editor

Nissan (NSANY) has set a goal to land 20% of all electric vehicle sales in China.

Though the central government and local municipalities continue to support China's EV market through subsidies, broad-based charging infrastructure is still lacking.

Another major wildcard in the plans of Nissan to be be a dominant EV player in China is the territorial dispute that keeps cropping up between Tokyo and Beijing over a few remote islands. Chinese consumers have shown some resistance to buy Japanese brands in the past after hostilities flared up.