While talking to media, the CEO of Nissan Motor Co, Carlos Ghosn said that the company is targeting to double its production capacity in the Chinese market to 1.2 million units by the end of 2012.

This will endorse the company’s earlier targets as improvement in economic condition increases demand.

Mr. Ghosn was talking to media at central China, where the company held a function to launch its second plant in the city.

Mr. Ghosn said, “China is now the second-largest economy in the world, and our ambitions and actions are aligned with the current reality.”

Earlier, in April he told media that the Japan’s third-biggest carmaker has planned to boost its China capacity to 900,000 cars per year by the end of 2012.

China’s gross domestic product has increased by 10.3 percent in the second quarter of this year.

Nissan, General Motors Co. and Volkswagen AG are among carmakers growing in the Chinese market as economic growth increases car purchase in the world’s biggest automobile market.

In a statement, the company said, “It has capacity to produce 670,000 cars in China at present. The new plant will cost 1 billion yuan ($149 million) to build and has a production capacity of 180,000 cars a year, the Yokohama. Nissan plans to open another factory in the southern Chinese city of Guangzhou’s Huadu district in 2012.”