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Tokyo (Reuters) -Nissan Motor wants to end vehicles production on their Wuhan plant in China on March 31, 2026, they said two sources with knowledge of the plan.
The decision comes after the operation rate at the 300,000 vehicle capacity plant, which produces the Ariya electric vehicle and the SUV X-Trail, fell in the midst of the hard competition of Chinese automobile manufacturers, previously reported the Yomiuri Diary.
Nissan refused to comment on the report.
The annual production at Dongfeng Motor’s rented installation has reached only 10,000 units since the operations began in 2022, said one of the sources.
The sources asked not to be identified because they are not authorized to speak with the media.
The Japanese vehicle maker on Thursday a net loss of a record of 700 billion yen at 750 billion yen ($ 4.87 billion to $ 5.22 billion) due to the deterioration costs of the year ending on March 31.
($ 1 = 143,6700 yen)
(Maki Shiraki and Tim Kelly report; Kate Mayberry and Tom Hogue edition)
