Nissan And Dongfeng Enhance Light Commercial Vehicles

In support of this, DFL, the largest automotive joint venture in China, announced that Harumi Okazaki is newly appointed as Vice President in charge of Nissan-branded light commercial vehicle business expansion in China.

Andy Palmer, Corporate Vice President of Nissan Motor Co., Ltd in charge of the global LCV business unit said "We have identified China as one of the key markets for the growth of Nissan's LCV business, and we are taking steps that will put us in a position to meet the specific needs of the Chinese Nissan LCV customers". Palmer added "With the likely early achievement of the LCV Breakthrough within Nissan's Value-Up mid-term plan, it is necessary to continue this very positive momentum and seek opportunities for further growth. In collaboration with DFL, DFAC and Zhengzhou Nissan Automotive Company (ZNA), we see a great opportunity in China"

Katsumi Nakamura, President of DFL, said "After the establishment of DFL, Dongfeng LCV business has grown substantially through providing more diversified products and high-quality service to satisfy the specific needs of our Chinese LCV customers. Based on the continued reinforcement of Dongfeng-branded LCV operation, DFL will expand Nissan-branded LCV business in China." Nakamura added "With the introducing and expansion of Nissan-branded LCV, the two LCV brands (Dongfeng and Nissan) will support and mutually complement each other. This will allow DFL to make more of the great opportunities offered by the Chinese LCV market and strongly support DFL's sustainable and profitable growth and providing value to the customer,"

As the primary development base for Nissan-branded LCVs, ZNA will further contribute to the strong growth of Nissan-branded LCVs in China. Dongfeng Automotive Company (DFAC) will continue to hold a 51% stake in ZNA in order to maximize value creation through both brands. DFL will give support to ZNA in areas such as research and development, manufacturing and the sales network. in order to maximize the synergy of the two brands.

DFL also announced that Andy Palmer is being named as the member of the board of directors of DFL to replace Bernard Rey, who will return to Renault. This move maintains the high level of support from Nissan to further enhance DFL's LCV business competitiveness in China - Nissan.