Nissan reduces petrol car production as EV sales boom in China

Nissan has revised its sales forecasts downward due to declining demand for petrol cars in China, where competition in the electric vehicle market is fierce. The company plans to reduce petrol car production and increase electric vehicle output. Despite stronger sales in North America and Japan, Nissan faces challenges in China, where sales dropped significantly. The shift towards electric vehicles is accelerating, influenced by government subsidies for Chinese manufacturers. In Europe, Nissan has been lobbying against stricter EV mandates, even as demand for electric cars rises. The company hopes to benefit from EU rules regarding local production.