Market Chatter: Nissan Mulls Export of China-Made EVs to Canada

MT Newswires Live05-19

Nissan (TYO:7201) is considering exporting vehicles produced at its Chinese joint venture with Dongfeng Motor (HKG:0489) to Canada, following Ottawa's decision to open its market to Chinese-built electric vehicles, Bloomberg News reported on Tuesday, citing an official.

The Japanese automaker aims to meet demand for low-cost electrified cars in several markets, including Canada, the newswire said, citing Christian Meunier, Nissan's head of the Americas.

Meunier noted that Canada has opened the door to some Chinese products, though he did not specify which models or a timeline for potential exports, the publication said.

The move reflects a broader industry trend of established automakers leveraging China's lower production costs and faster EV development, as Nissan's new CEO seeks to revive the company amid an aging lineup and management challenges, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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