Nissan cuts petrol car production as EV sales surge in China
Nissan adjusts strategy amid rapid growth in electric and hybrid vehicle sales in China's competitive market.
Nissan has announced a reduction in its petrol car production in response to the rapid increase in electric and hybrid vehicle sales in China, the world's largest automotive market, The Guardian reported.
The Japanese automaker acknowledged that the shift to new energy vehicles is occurring faster than anticipated, leading to a revision of its sales forecasts for China.
Nissan plans to increase production of battery electric vehicles and plug-in hybrids, which use a smaller battery combined with a petrol engine, to better align with market demand.
This strategic change comes amid a fierce price war in China, which has intensified competition among car manufacturers.
The company’s move reflects broader trends in the automotive industry as manufacturers adapt to evolving consumer preferences and regulatory environments favoring cleaner energy vehicles.
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