JAPAN's Nissan Motor will produce electric vehicles (EVs) for its Chinese joint-venture partner, Dongfeng Motor, at Nissan's Wuhan factory by the end of 2024, reports Reuters.

By producing EVs for Dongfeng, Nissan aims to reduce fixed costs and increase the operating rate of the factory, which has been declining because of slumping sales.

Japan's third-biggest automaker has already been making the Ariya EV and the X-Trail SUV through its joint venture with Dongfeng at the plant, which has an annual production capacity of 260,000 vehicles.

The plant will begin production of Dongfeng's new Zhiyin EV that belongs to its Voyah brand.