Honda, Nissan Considering Cutting China Capacity, Nikkei Says
The Nissan Motor Co. car dealership in Shanghai.
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Nissan Motor Co. is considering a 30% reduction in production capacity in China, while Honda Motor Co. intends to cut 20%, the Nikkei reported.
The Japanese carmakers are struggling in the face of increased local competition from manufacturers such as BYD Co. as electric vehicles take hold in China, the newspaper reported, without saying where it got the information.