Nissan And Tsinghua University Join Forces To Regain Ground In China's Auto Market
Portfolio Pulse from Benzinga Neuro
Nissan Motor Co. is collaborating with Tsinghua University to conduct joint research aimed at understanding Generation Z's preferences and exploring social responsibility in the EV sector, such as battery recycling and charging stations. This partnership is part of Nissan's strategy to recover its position in the Chinese auto market, where it has lost significant market share, with sales dropping 34% from April to September compared to the previous year. Nissan plans to launch 10 new-energy vehicles in China by 2026, with the first Nissan-branded model expected next year. Additionally, Nissan and Renault SA are converting a UK facility to produce electric versions of their top-selling vehicles. The EU is investigating Chinese government subsidies to local vehicle manufacturers for potential unfair competition.
December 17, 2023 | 2:28 pm
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POSITIVE IMPACT
Nissan's partnership with Tsinghua University for EV research and its plan to launch new-energy vehicles in China could help regain market share and improve sales, which recently fell by 34%.
The partnership with Tsinghua University indicates a strategic move to better understand and cater to the Chinese market, which could positively influence Nissan's sales and market position in the short term. The commitment to launch new-energy vehicles aligns with the growing demand for EVs in China, potentially boosting investor confidence.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Nissan's partnership with Tsinghua University for EV research and its plan to launch new-energy vehicles in China could help regain market share and improve sales, which recently fell by 34%.
The partnership with Tsinghua University indicates a strategic move to better understand and cater to the Chinese market, which could positively influence Nissan's sales and market position in the short term. The commitment to launch new-energy vehicles aligns with the growing demand for EVs in China, potentially boosting investor confidence.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90