Nissan Pares Car Sales Forecast on Tougher China Competition

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Nissan has lowered its vehicle delivery forecast for this year, citing weak demand and intensifying competition in China, where buyers are turning to domestically produced electric vehicles at a faster pace than initially estimated. The Japanese automaker now expects to deliver a maximum of 3 million vehicles this year, down from its previous forecast of 3.15 million. It also reported operating profit of 2.12 billion yen (13.3 million euros). [T…

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Sales dive into China, while the United States and Japan resist.

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Illustrative image Photo: PexelsNissan shorts sales projection and bet on cars made in China to export