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Nissan Reportedly To Buy Stake In A Chinese Electric Automaker

Nissan Motor Company Ltd. (NSANF.PK,NSANY.PK) is reportedly considering to invest in a Chinese electric-car startup.

According to Bloomberg, citing people familiar with the matter, Nissan wants to buy about 25% stake in a Chinese electric-vehicle maker. The Japanese auto giant is looking at WM Motor Technology Co., Zhejiang Hozon New Energy Automobile Co. and CHJ Automotive Co. as potential options.

The investment will provide the company with a greater footprint in the world's biggest market for new-energy vehicles.

Meanwhile, Nissan is still in the midst of a turmoil as its former chief Carlos Ghosn was arrested and is still in jail

Ghosn was arrested in November over allegations of using company funds for improper payments to an Omani associate, who then loaned part of the money back to Ghosn and purchased a yacht.

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