Renault-Nissan Alliance invests $160 million in Korea

Renault-Nissan Alliance will invest US$160 million in Korea to meet anticipated demand for the next-generation Nissan Rogue and to accelerate growth of Renault Samsung Motors. Production of Nissan Rogue crossover in Busan, Korea, will begin in 2014, with an annual capacity of about 80,000 units. This year the plant aims to build about 180,000 vehicles for sale in Korea and 60 other countries.
July 23, 2012 Read time: 1 min
RSS2453 Renault-838 Nissan Alliance will invest US$160 million in Korea to meet anticipated demand for the next-generation Nissan Rogue and to accelerate growth of Renault Samsung Motors. Production of Nissan Rogue crossover in Busan, Korea, will begin in 2014, with an annual capacity of about 80,000 units. This year the plant aims to build about 180,000 vehicles for sale in Korea and 60 other countries.

"Adding production in Korea shows a commitment across the Alliance to helping Renault Samsung Motors achieve its targets for cost competitiveness and growth," said Renault-Nissan Alliance chairman and CEO Carlos Ghosn. "The Busan announcement represents a unique 'win-win-win' for Renault, Nissan and RSM, demonstrating the flexibility and power of the Alliance for all partners -- and I am counting on every RSM employee to contribute to the successful completion of this project."

Formed in 1999, the Renault-Nissan Alliance achieved a record 8.03 million vehicle sales in 2011 in nearly 200 countries. Brands include Renault, Nissan, 4777 Infiniti, 1973 Dacia and Renault Samsung Motors.

Related Content

  • July 22, 2014
    Nissan promises self-parking cars, traffic-jam pilots by end of 2016
    Nissan Motor Corporation will introduce cars featuring an automatic parking system and traffic-jam pilot within the next year and a half, according to president and CEO Carlos Ghosn. “By the end of 2016, Nissan will make available the next two technologies under its autonomous drive strategy,” Ghosn told reporters at the Foreign Correspondents’ Club of Japan. “We are bringing to market a traffic-jam pilot, in which cars will have the capability to drive autonomously and safely on congested highways,”
    Read More
  • September 11, 2013
    Sparking an interest in EVs – the electric racing car
    President of motorsport’s governing body, the Fédération Internationale de l’Automobile (FIA), Jean Todt and Alejandro Agag, CEO of Formula E Holdings revealed the much-anticipated new Spark-Renault SRT01E fully-electric Formula E single-seat racing car during the opening day of the 65th International Frankfurt Motor Show. The SRT01E has been designed and built by Spark Racing Technology, together with a consortium of the leading manufacturers in motorsport, and will compete in the inaugural FIA Formula
    Read More
  • April 30, 2012
    1,000 Nissan Leaf EVs sold in Norway in just six months
    Nissan in Norway has announced that it has sold 1,000 of its electric Leaf cars in just six months, taking almost two per cent of the total car market in February this year demonstrating the impact of comprehensive incentives and developed charging infrastructure. The government support and charging infrastructure have helped the Nissan Leaf become the second best-selling Nissan in Norway and the ninth best-selling passenger car overall in February. Norway has the highest level of support in Europe for elec
    Read More
  • April 19, 2012
    New beginning for Think EV car maker
    A court-appointed trustee has selected Russian entrepreneur Boris G. Zingarevich, whose investment operations are based in St. Petersburg, Russia, as the winning bidder for Think Global electric vehicle manufacturer, following a bankruptcy proceeding initiated by the Norwegian carmaker last month. In addition, Zingarevich has signed a memorandum of understanding with American advanced lithium-ion battery maker Ener1, and Finnish automobile engineering and manufacturing concern Valmet Automotive, to cooperat
    Read More

Highlighted Content