1 month ago
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GlobalData
Mon, Apr 28, 2025, 4:01 AM 2 min read
In This Article:
Japanese automaker Nissan Motor plans to halt conveyance accumulation astatine its Wuhan works successful China by 31 March 2026 owed to debased output, reported Reuters, citing 2 sources with cognition of the plan.
This determination follows a driblet successful the cognition complaint astatine the plant, which has a capableness of 300,000 vehicles.
It manufactures Ariya electrical conveyance and X-Trail SUV, but is challenged by Chinese competitors, reported The Japan News.
Annual accumulation astatine the Wuhan facility, leased from Dongfeng Motor, has lone reached astir 10,000 units since operations commenced successful 2022.
The Japanese carmaker precocious forecasted a grounds net nonaccomplishment of Y700bn to Y750bn ($4.87bn-$5.22bn) owed to impairment charges for the fiscal twelvemonth ending 31 March 2025 (FY2024).
Last month, Nissan Motor reported 12.1% year-on-year diminution successful planetary accumulation for February 2025.
Nissan Motor’s planetary accumulation totalled 237,982 vehicles. While accumulation successful Japan reached 52,198 vehicles, down 13.2% from the aforesaid play a twelvemonth ago, accumulation extracurricular Japan touched 185,784 vehicles, a autumn of 11.7%.
The US saw a 21.4% alteration to 47,088 units, portion the company’s accumulation grew by 7.2% to 59,731 units.
The UK saw a 12.8% diminution with 25,764 vehicles produced, portion China experienced a 35.6% driblet to 24,890 vehicles.
Although Nissan plans to export 100,000 cars manufactured successful China annually to antagonistic the income decline, precocious tariffs imposed by the US and Europe whitethorn make uncertainty astir this strategy, according to The Japan News report.
In June 2024, Nissan unopen down its Changzhou installation successful China’s Jiangsu Province.
Following the planned closure of the Wuhan plant, Nissan's accumulation bases successful China volition beryllium reduced to four.
"Nissan to ‘halt production’ astatine China’s Wuhan plant" was primitively created and published by Just Auto, a GlobalData owned brand.
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