NSANY - Nissan Honda Weigh China Production Cuts Amid EV Market Strain: Report | Benzinga
Japan’s Nissan Motor Co Ltd (OTC:NSANY) and Honda Motor Co Ltd (NYSE:HMC) reportedly mull over reducing production in China amid heightened competition from electric vehicle manufacturers like BYD Company (OTC:BYDDY).
Nissan contemplates scaling back production by about 30%, equivalent to roughly 500,000 cars annually, while Honda explores a potential 20% reduction to approximately 1.2 million vehicles, reported Reuters, citing the Nikkei newspaper.
Nissan is restructuring its production facilities with local partners in China, seeking to utilize excess capacity for exporting vehicles ...