Nissan taps key market

Article Excerpt

NISSAN MOTOR (ADR) $13.60 (Nasdaq symbol NSANY; TSINetwork Rating: Above Average) (310-771-3111; www.nissan-global.com; ADRs outstanding: 2.1 billion; Market cap: $34.7 billion; Dividend yield: 6.1%) has announced that the first electric vehicle for its premium brand, Infiniti, will be a sporty sedan produced in China. The car is forecast to reach the market in around three years. Nissan believes that China has the world’s highest growth potential for electric vehicles, especially in the premium segment. That’s in large part because automakers operating in China have to sell more so-called new-energy vehicles, either battery electric cars, plug-in electric hybrids, or hydrogen-powered vehicles, to comply with official production quotas designed to reduce smog. Nissan Motor is still a buy. buy…