Japan's Top-Selling EV Not A Tesla, But A $13K Kei Car Co-Developed By Nissan And Mitsubishi
Portfolio Pulse from Benzinga Neuro
The top-selling electric vehicle (EV) in Japan is the Sakura, a kei car co-developed by Nissan Motor Co. (OTC:NSANY) and Mitsubishi Motors Corp. (OTC:MMTOF). The Sakura and its Mitsubishi counterpart, the eK X, account for nearly half of all EV sales in Japan this year. Despite the overall subdued EV market in Japan, these models have found favor with consumers for their affordability and practicality. However, success in Japan doesn’t translate into overseas sales due to stricter collision standards and regulations in other countries.
October 25, 2023 | 9:36 am
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Mitsubishi's eK X, co-developed with Nissan, is one of the top-selling EVs in Japan, indicating strong domestic performance. However, overseas sales may be limited due to stricter regulations.
The news indicates strong domestic performance for Mitsubishi's eK X, which could positively impact the company's stock. However, the potential for overseas sales is limited, which could restrict growth.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Nissan's Sakura is the top-selling EV in Japan, indicating strong domestic performance. However, overseas sales may be limited due to stricter regulations.
The news indicates strong domestic performance for Nissan's Sakura, which could positively impact the company's stock. However, the potential for overseas sales is limited, which could restrict growth.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100