MOSCOW, May 28 (RIA Novosti) - Nissan will officially open a car factory in St. Petersburg on June 2, the Japanese car giant said on Thursday.

"The official opening ceremony is planned for June 2. Nissan's plant was built in a new industrial zone in the northwestern part of St. Petersburg," Nissan said in a statement.

Investment in the Nissan factory is estimated at $200 million. The new facility will employ 750 people and have the capacity to manufacture 50,000 cars per year.

The Nissan Teana will be the first model to be produced at the St. Petersburg plant.

Nissan earlier said that the availability of a qualified workforce, a suitable location, a favorable business climate and support from the city's authorities were the factors behind the company's choice of St. Petersburg.