Japan's Big Three Automakers See China New-Vehicle Sales Drop 20% in First Half

Industry
โดย Jiji Press·Read original
Summary · why it matters

The first-half China new-vehicle sales figures for Japan's three major automakers are now in, and Toyota, Nissan, and Honda all fell short of the previous year's levels. Combined sales for the three companies came to 1,137,536 units, a 20 percent decline from the same period a year earlier. Toyota sold 694,700 units, down 17.1 percent; Nissan sold 237,018 units, down 15.0 percent; and Honda sold 205,818 units, down 34.7 percent. The market has cooled due to reduced tax incentives for new-energy vehicles and surging gasoline prices, and the Japanese automakers, with their heavy reliance on gasoline-powered cars, are facing a particularly tough battle.

Impact on stocks 3

Electrification & Mobility▼ · 3 stocks
Nissan Motor Co., Ltd.
7201
▼ NegativeDemandrelevance

Nissan's China new-vehicle sales declined 15.0% in first half due to reduced tax incentives and surging gasoline prices.

Toyota Motor Corp.
7203
▼ NegativeDemandrelevance

Toyota's China new-vehicle sales fell 17.1% in first half amid market cooling and heavy reliance on gasoline cars.

Honda Motor Co., Ltd.
7267
▼ NegativeDemandrelevance

Honda's China new-vehicle sales dropped 34.7% in first half due to reduced tax incentives and surging gasoline prices.

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