TOKYO (Reuters) – Nissan Motor Co (7201.T) plans to cut vehicle production in China by 30,000 units in the coming months, a person briefed on the matter told Reuters, as global automakers grapple with falling demand in the world’s biggest car market.
Nissan cars are seen at a storage area in Guangzhou, Guangdong province, China December 2, 2018. REUTERS/Stringer
After Ford Motor Co (F.N) and Hyundai Motor Co (005380.KS), Nissan becomes the latest automaker to cut production in the country, where slowing economic growth and a crippling trade war with the United States have pummeled vehicle sales in the past few months.
Nissan plans to cut production in China by a total of 30,000 units during the December-February period from its initial output plans, said the person who declined to be identified as the plans are not public.
Automakers set initial plans on how many vehicles to produce at each of their plants. These plans can be modified due to demand, supply chain issues and other factors. It was not known how much Nissan had planned to produce in the three months.
The automaker produced nearly 400,000 units in the country during the three-month period ended February this year. The period covers the first two months of the year, when sales usually slow in the run-up to the Lunar New Year holidays.
Japan’s Nikkei business daily reported late on Thursday that Nissan plans to cut production at three plants in China, including one in Dalian, where it produces the popular Qashqai and Infiniti QX50 SUV crossover models, and in Zhengzhou, where