Nissan, Mazda unveil new models for China as they aim for comeback

25 April 2024 - 08:22 By Reuters
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Nissan introduced two battery electric vehicle (EV) concept cars and two plug-in petrol-electric hybrids, all from a joint effort with local partner Dongfeng. Nissan CEO Makoto Uchida said the cars underscored the carmaker's commitment to China.
Nissan introduced two battery electric vehicle (EV) concept cars and two plug-in petrol-electric hybrids, all from a joint effort with local partner Dongfeng. Nissan CEO Makoto Uchida said the cars underscored the carmaker's commitment to China.
Image: Supplied

Nissan and Mazda unveiled new cars tailored for Chinese drivers on Thursday, signalling a fresh push by Japanese carmakers to regain ground in the world's largest auto market.

The models, including some concept cars, were introduced at the Beijing auto show and mark an attempt to better respond to demand from Chinese consumers for software-loaded, electric-powered vehicles.

Foreign players like Nissan have lost market share in China as more nimble local manufacturers such as BYD have better targeted the tastes of younger drivers.

Nissan introduced two battery electric vehicle (EV) concept cars and two plug-in petrol-electric hybrids, all from a joint effort with local partner Dongfeng. Nissan CEO Makoto Uchida said the cars underscored the carmaker's commitment to China.

Smaller rival Mazda introduced an EZ-6 sedan that will be offered as either an all-battery EV or plug-in hybrid. It also plans to introduce an SUV, the Arata, in 2025 in China, also with two powertrain variants, CEO Masahiro Moro said.

The Mazda EZ-6 sedan will be offered as either an all-battery EV or plug-in hybrid.
The Mazda EZ-6 sedan will be offered as either an all-battery EV or plug-in hybrid.
Image: Supplied

The battery EV version of EZ-6 will have a driving range of about 600km, whereas the plug-in hybrid version will have a range of about 1,000km, Moro said, with the Arata likely to have similar ranges.

For years, Japanese carmakers saw China as a market of almost limitless growth potential, but that view has changed.

Nissan's China sales slumped 16% to 794,000 vehicles last year. The carmaker has also struggled to fully recover after years of internal strife triggered by the arrest of former chairperson Carlos Ghosn.

On Friday, it cut its annual operating profit estimate by 14.5%, seeing fallout from intensifying US competition and disruption to Red Sea shipping.

Nissan plans to export cars from China from 2025, initially targeting annual volume of 100,000 to 200,000 vehicles.

Nissan and Honda said last month they were considering a partnership to collaborate on key components for EVs and in other areas.

Mazda has lost even more market share. The carmaker sold about 85,000 vehicles in China in 2023, down 72% from a peak of 309,000 cars in 2017.


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