事实上，在今年5月的财报说明会上，日产新任CEO伊万·埃斯皮诺萨曾被问及通过生产本田车型来活用美 国工厂的问题，他当时表示："正在探讨在美国市场开展合作的可能性。"《日刊汽车新闻》指出，若合作达 成，预计将为两家公司带来一定益处，处于经营重组中的日产需要提高工厂的开工率，而本田也能完善自身的 车型产品线。目前，本田在北美销售皮卡Ridgeline，如果能获得日产的代工，本田有望满足当地更广泛的需 求。 值得一提的是，此前在2024年12月下旬，日产与本田宣布签署谅解备忘录，启动经营合并谈判。不过，谈 判最终于今年2月破裂，但双方仍表示将继续在电动汽车等领域保持合作。尤其是在美国加征进口汽车关税的背 景下，日本车企需要努力增加在美国本土的产量，以尽量减少关税带来的影响。 近日，NHK、《日本经济新闻》、路透社等多家外媒报道称，日产与本田已开启谈判，探讨在美国利 用日产工厂的剩余产能为本田代工生产皮卡的可能性。 对此，日产发表声明称，公司正继续与本田合作，但没有其他进一步的消息，也不会对猜测发表评论。本 田方面则没有立即置评。 或联手应对关税 据知情人士透露，日产与本田正在探讨，利用日产在美产能利用率较低的工厂为 ...

Core Viewpoint - Nissan and Honda are discussing collaboration to utilize Nissan's underutilized factories in the U.S. to produce vehicles for Honda, aiming to mitigate the impact of U.S. auto tariffs on Japanese automakers [1][2]. Group 1: Collaboration and Production - Nissan has begun negotiations with Honda to supply vehicles from its U.S. factories, particularly focusing on producing pickup trucks at the Canton plant in Mississippi [1][2]. - The collaboration is seen as a strategic move to increase local production and reduce the high import ratios of Japanese vehicles in the U.S., which are 47% for Nissan and 32% for Honda [2][3]. - Both companies face significant profit declines due to U.S. auto tariffs, with Honda projected to lose 650 billion yen and Nissan up to 450 billion yen in the fiscal year ending March 2026 [2]. Group 2: Market Conditions and Challenges - The Canton plant's utilization rate is projected to be only 57% in 2024, significantly below the breakeven point of around 80%, indicating a need for increased production to improve profitability [3]. - The U.S. government's strong stance on tariffs, including a 25% tariff set to take effect in April, adds pressure on Japanese automakers to enhance local production [3]. Group 3: Negotiation Dynamics - Previous discussions aimed at forming a global automotive alliance between Nissan and Honda collapsed due to disagreements, but both companies are now focusing on cooperation to rebuild their relationship [4]. - Following a management change at Nissan in April, regular discussions between the executives of both companies have resumed, although they have denied immediate plans to restart formal merger talks [4].

Group 1 - BYD reported a value of 1360.61 with a decrease of 21.7% [2] - Ferrari's value is 887.78, showing a decrease of 13.15% [2] - Mercedes-Benz has a value of 597.78, with no percentage change reported [2] - BMW's value increased by 1.19% to 566.63 [2] Group 2 - Volkswagen's value is 537.15, reflecting a decrease of 0.48% [3] - General Motors reported a value of 513.31, with an increase of 2.3% [3] - Ford's value decreased by 5.16% to 468.44 [3] - Maruti Suzuki's value is 461.17, showing a decrease of 2.36% [3] - Porsche's value decreased by 6.5% to 444.88 [3] - Mahindra Automotive's value is 441.38, with a decrease of 13.28% [3] - Honda's value is 421.94, reflecting a slight decrease of 0.55% [3] - Hyundai's value increased by 21.73% to 373.36 [3] - Stellantis reported a value of 305.14, with a decrease of 9.08% [3] - Seres' value is 296.65, showing a decrease of 4.03% [3] - Tata Motors reported a value of 294.36, with a decrease of 7.21% [3] - Kia's value increased by 3.72% to 291.71 [3] - SAIC Motor's value is 284.62, reflecting an increase of 9.68% [3] - Li Auto's value is 280.63, with an increase of 4.66% [3] - Geely's value is 227.12, reflecting an increase of 1.29% [3] - Great Wall Motors reported a value of 226.47, with a slight increase of 0.11% [3] - Suzuki Japan's value is 220.92, showing an increase of 2.36% [3] - Xpeng's value is 165.68, reflecting a decrease of 0.28% [3] Group 3 - Changan Automobile's value is 156.36, with a slight increase of 0.12% [4] - Rivian's value is 156.09, showing a decrease of 3.48% [4] - Renault's value is 138.89, reflecting a decrease of 2.23% [4] - Subaru's value is 129.85, with an increase of 1.62% [4] - JAC's value is 119.19, with an increase of 0.49% [4] - Hozon Auto's value is 105.63, showing a decrease of 1.14% [4] - Isuzu's value is 93.51, with an increase of 0.58% [4] - GAC Group's value is 88.01, reflecting a decrease of 0.83% [4] - Leapmotor's value is 85.88, with no percentage change reported [4] - Weimi Auto's value is 83.69, showing an increase of 4.51% [4] - Ford Otosan's value is 83.18, reflecting a decrease of 0.92% [4] - VinFast Auto's value is 83.03, with an increase of 0.47% [4] - Nissan's value is 75.25, reflecting an increase of 2.18% [4] - Lucid Motors' value is 69.85, showing a decrease of 1.22% [4] - Zeekr's value is 69.83, with an increase of 0.84% [4]

Group 1: Toyota - Toyota's sales in June reached 157,700 units, a year-on-year increase of 3.7% [2] - Cumulative sales for the first half of the year totaled 742,000 units, reflecting a year-on-year growth of 8.63% [2] - Toyota's strong performance is attributed to its continuous investment in electrification and intelligent technology, as well as a diverse product lineup [2] Group 2: Nissan - Nissan sold 53,800 vehicles in June, marking a year-on-year increase of 1.9%, ending a 15-month streak of declining sales [2] - Cumulative sales for the first half of the year were 279,600 units, a year-on-year decline of 21.02% [2] - The recovery in Nissan's sales is likely due to adjustments in product strategy and marketing, including new models that better meet Chinese consumer demands [2] Group 3: Honda - Honda's sales in June fell by 15.2% to 58,500 units, continuing a 17-month decline [3] - Cumulative sales for the first half of the year were 315,200 units, a year-on-year decrease of 24.2% [3] - Challenges for Honda include intensified market competition, slow product updates, and a lag in the transition to electric vehicles, impacting its competitiveness [3] Group 4: Overall Market Trends - The performance of the three major Japanese automakers in China shows a clear divergence, with Toyota maintaining growth, Nissan showing signs of recovery, and Honda facing significant pressure [2][3] - Future success in the Chinese market for these automakers will depend on their speed and effectiveness in transitioning to electrification and intelligent technologies [3]

Core Viewpoint - The joint venture automotive companies in China have shown a significant recovery in sales during the first half of 2025, with most brands experiencing growth after a challenging 2024, although some, like Honda and Nissan, continue to struggle [2][3]. Group 1: Sales Performance - In the first half of 2025, major joint venture brands, except for Honda and Dongfeng Nissan, achieved sales growth, with FAW Toyota leading at a 16% increase [2]. - FAW-Volkswagen sold 436,100 units, a 3.5% increase, while SAIC Volkswagen's sales reached 523,000 units, up 2.3% [3]. - GAC Toyota's sales grew by 11%, and SAIC GM saw an 8.6% increase, marking a turnaround from previous declines [2][3]. Group 2: Fuel Vehicle Recovery - Several joint venture companies relied on fuel vehicles for recovery, with FAW-Volkswagen's fuel vehicle market share increasing by 0.7 percentage points to 7.6% [3]. - The sales of classic fuel models like the Lavida and Sagitar contributed significantly to the overall sales increase [3]. - GAC Toyota's fuel models, such as the Camry and Highlander, saw a 30% increase in sales [3]. Group 3: Electric Vehicle Challenges - Despite the recovery in fuel vehicle sales, joint venture brands continue to struggle in the electric vehicle (EV) sector, with a mere 5.3% penetration rate for mainstream brands compared to 75.4% for domestic brands [3][4]. - The overall market share for joint venture brands in the EV segment remains low, with only a few models like Volkswagen's ID series and Toyota's bZ series performing relatively well [4]. Group 4: Strategic Adjustments - Analysts attribute the sales rebound to strategic adjustments, particularly in enhancing the intelligence of fuel vehicles through partnerships with domestic tech companies [5][6]. - Joint venture brands are increasingly localizing their management and product development to better cater to Chinese consumers [7]. Group 5: Pricing Strategies - Many joint venture brands have shifted from aggressive price competition to a "reduce volume to maintain price" strategy, stabilizing terminal prices and improving dealer confidence [8]. - The introduction of fixed pricing models has also helped reduce consumer hesitation and increased foot traffic [8]. Group 6: Future Outlook - Despite the positive sales trends, joint venture brands face a challenging future, with predictions of market share declining from 40% to 10% over the next few years [9][10]. - The need for a robust electric vehicle strategy is critical, as many brands are reconsidering their electric vehicle timelines and focusing on maintaining profitability in the fuel vehicle market [10][11].

Group 1 - Nissan will supply pickup trucks produced at its Mississippi plant to Honda [1]

Group 1 - The global automotive manufacturers' market capitalization has shown significant changes as of July 11, 2025, with Volkswagen leading at a market value of $553.17 billion, reflecting an increase of 8.12% [1][3]. - General Motors follows closely with a market capitalization of $511 billion, up by 5.56% [1][3]. - Ford Motor Company has a market value of $473.61 billion, marking a 3.2% increase [1][3]. Group 2 - Notable increases in market value were observed for Porsche, which rose by 11.33% to reach $455.55 billion [1][3]. - Mahindra & Mahindra's market capitalization decreased by 1.96%, settling at $442.82 billion [1][3]. - Honda's market value increased by 2.04% to $419.31 billion [1][3]. Group 3 - Hyundai's market capitalization is reported at $376.06 billion, with a slight increase of 0.71% [1][3]. - The market value of SAIC Motor Corporation is $281.42 billion, reflecting a 5.33% increase [1][3]. - Li Auto's market capitalization stands at $272.56 billion, with a marginal increase of 0.19% [1][3]. Group 4 - NIO's market value is $83.12 billion, showing a significant increase of 4.73% [4]. - VinFast Auto has a market capitalization of $82.56 billion, with a slight increase of 0.7% [4]. - Nissan's market value is reported at $73.69 billion, reflecting an increase of 1.61% [4].

Core Viewpoint - Honda's approach to electric vehicle (EV) transformation appears reactive rather than proactive, leading to concerns about its ability to keep pace with market changes and competition in the EV sector [1][3][4] Group 1: Honda's Strategy and Market Response - Honda has attempted to launch new electric vehicles but has been criticized for not having a clear strategy compared to competitors like Volkswagen and Toyota [1][4] - Recent news indicates Honda's decision to halt the development of new electric vehicles, which many interpret as a sign of losing touch with market dynamics [1][3] - The company is shifting focus from electric vehicles to hybrid models, reducing its planned investment in EV development from 10 trillion yen to 7 trillion yen [10][12] Group 2: External Market Influences - The cessation of the electric vehicle tax credit in the U.S. has influenced Honda's decision to stop developing certain EV models, reflecting a reaction to specific regional market conditions [3][6] - Honda's partnership with Sony in the mobility sector has faced challenges, with reported operational losses of 52 billion yen, indicating difficulties in achieving market traction [8] - The overall slowdown in electric vehicle support in Europe has prompted Honda and other automakers to reconsider their strategies, highlighting the impact of external market conditions on corporate decisions [6][9] Group 3: Focus on China Market - Honda's strategy in China is distinct, as the company aims to align more closely with local consumer demands and market trends, emphasizing the need for a more proactive approach in the Chinese EV market [10][16] - The company recognizes the importance of adapting to the rapidly changing consumer preferences in China, which may require a shift from traditional practices to more localized development strategies [14][16] - Honda's performance in the Chinese market is critical, as competitors like Toyota and Nissan have successfully launched models that resonate with local consumers, putting pressure on Honda to catch up [10][16]

金十图示：2025年07月10日（周四）全球汽车制造商市值变化 | 入） 大众汽车 | 548.19 | 1 +8.42 | 108.87 | | --- | --- | --- | --- | | 通用汽车 | 505.43 | 1 +3.66 | 52.57 | | 福特汽车 | 464.46 | 1 +5.87 | 11.83 | | MS 玛鲁蒂铃木 | 459.48 | 1 +2.06 | 145.56 | | 保时捷 | 446.8 | + -6.8 | 50.76 | | 马恒达汽车 S | 444.78 | 1 +2.56 | 37.08 | | 本田汽车 1-0 | 417.27 | + +11.33 | 30.6 | | 1 现代汽车 | 377.35 | + -5.94 | 54.05 | | F 赛力斯 | 314.25 | + -3.56 | 19.24 | | 塔塔汽车 | 297.74 | + -0.18 | 8.09 | | 斯特兰蒂斯 | 296.96 | +4.91 | 10.28 | | ur 起亚汽车 | 287.26 | ↑ +1.71 | 72.96 | | (SA ...

The Japanese giant is preparing to roll out a new range of battery-powered models based on the Concept 0 SUV and sedan unveiled at the CES conference in Las Vegas this year. It was originally planned to follow the five-seat SUV and sedan with a seven-seat SUV, but it has reportedly pulled the plug on that project. A report by the Asia Nikkei states that Honda suspended plans to introduce a big EV, as demand for sizeable electric cars has been weaker than expected. President Trump's decision to axe a $7,500 ...