The latest news, Nissan has begun to consider cutting China's production capacity up to 500,000 units.The current annual capacity is about 1.6 million vehicles, which is equivalent to 30 % of China's annual capacity.

Data show that Nissan's output in China in 2023 decreased by 24%year -on -year to 793,000 units, and has fallen below the 1 million mark again in 14 years.Nissan's sales in China in 2018 were 1.56 million vehicles, which was the first place in Japan, but the current operating rate is only half the peak.

In addition, Honda also intends to reduce China's production capacity by 20 % to about 1.2 million vehicles.By two joint ventures between Guangzhou Automobile Group and Dongfeng Automobile Group with large state -owned enterprises in China, Honda has an annual capacity of 1.49 million vehicles.

At present, with the decline in Japanese cars, Chinese cars are growing rapidly.In 2023, Chinese brand cars accounted for 56%of domestic passenger car sales, and the proportion of GAC Group's independent brand cars increased to more than 30%.In the field of EV, BYD (byd) rose.

It is reported that the sales of new cars in China in 2023 reached 25.18 million vehicles, ranking first in the world, with a scale of about 1.5 times that of the second place in the United States.Not only the market size is large, but EV is the most popular in the world, and the IT (information technology) function is also leading.

EV exports of Chinese companies are also increasing.In 2023, the export volume of Chinese automobiles increased by 58%compared with 2022 to 4.91 million units, exceeding Japan, and ranked first in the world for the first time.EV drove the overall growth and is expanding EV exports in Europe and Southeast Asia.Chinese manufacturers are promoting localized production, and BYD plans to produce in Thailand and Brazil.

*Disclaimer: The news of this article originated from the Nikkei Chinese website, which is organized by Huaqiang Microelectronics. The news is not officially confirmed. It is only for communication and learning.