Nissan CEO Makoto Uchida said the Japanese carmaker needs to bring new vehicles to the increasingly crowded Chinese market at speed.
Earlier this year, Nissan announced a China-focused electric SUV, called the Arizon, and plans to launch other models as the company grapples with declining market share and slowing sales.
In China, the company has faced particular competition from homegrown BYD.
Nissan on Wednesday reported net income for the most recent quarter of 105.5 billion yen ($751 million), beating expectations and marking a sharp rise year-on-year.
However, results showed a 45.8% drop in China unit sales versus the same period the previous year.
Persons:
Makoto Uchida, CNBC's Tanvir Gill, Uchida
Organizations:
Nissan
Locations:
China