Recently, Nissan has planned to reduce its production capacity in China by up to 30% and will hold talks with local joint ventures. On the other hand, Honda also plans to reduce its production capacity in China by 20%. It is reported that the two major Japanese car manufacturers made the above decision because China is accelerating its electrification transformation, and Japanese companies are facing pressure to rebuild their strategies in China.
Edited by Cassie Li, lixiangying@mysteel.com