Nissan to Invest $575 Million in Brazil, Aims to Double Market Share by 2026 with Two New SUV Models

Additional investment of 1.5 billion reais to be injected into Nissan's Resende plant from 2023 to 2025 for production of new Kicks model, another SUV and a turbo engine, making the factory an export hub for Latin America.

• Nissan plans to inject $575 million into its Brazilian factory to double its market share in Latin America's largest economy by 2026.
• The investment, which is an increase from the initial 1.3 billion reais announced in April 2022, will span from 2023 to 2025.
• Nissan's CEO, Makoto Uchida, presented this expansion plan to Brazil's President, Luiz Inacio Lula da Silva, highlighting the company's commitment to the region.
• The Resende plant in Rio de Janeiro will introduce a renewed version of the currently manufactured Kicks model, another new SUV and a turbo engine.
• The Resende factory is set to become a hub for exports to other Latin American countries as part of this plan.

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