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Japanese car sales in China missing out on EV boom NHK

Sales of Japanese cars in China fell last month despite a rise in total vehicle demand. A rapid shift of consumers to electric models put Nissan, Honda and Toyota at a disadvantage.

The China Association of Automobile Manufacturers said new car sales rose 8.4 percent overall in August from a year earlier to almost 2.6 million units.

Sales of electric and other new energy vehicles jumped 27 percent from the same month a year ago.

Nissan sales dropped 28.9 percent in the month, while Honda reported a 25.1 percent fall and Toyota disclosed a 6.6 percent slump. The makers are facing more competition from Chinese brands that are focused on electric vehicles.
Summary
Japanese car sales in China decreased in August, contrasting with a general increase in total vehicle demand. This decrease was attributed to a surge in consumer preference for electric vehicles, resulting in setbacks for Nissan, Honda, and Toyota with sales declines of 28.9%, 25.1%, and 6.6%
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ID: 952ed18d-9b6c-49a9-b2d7-53dd8aff82f7

Category ID: nhk

URL: https://www3.nhk.or.jp/nhkworld/en/news/20230912_14/

Date: Sept. 12, 2023

Created: 2023/09/12 19:33

Updated: 2025/12/08 23:45

Last Read: 2023/09/13 07:09