Group 1 - BYD has filed a lawsuit against the U.S. government to reclaim tariffs imposed on imported materials, claiming significant costs for its operations in the U.S. [2] - Over 1,000 companies, including major players like Costco and Toyota, have initiated similar lawsuits against the U.S. government regarding tariffs [2]. - NIO's CEO Li Bin emphasized the importance of optimizing the CBU mechanism to maximize efficiency and minimize costs in the company's operations [6]. Group 2 - Ford's global sales fell by approximately 2% to around 4.4 million units, while BYD's sales reached 4.6 million units, marking a significant shift in the automotive market [6]. - BYD aims to increase its export volume to 1.3 million units in 2025, following a successful year of expansion in Europe, South America, and Asia [6]. - NIO plans to implement a "store partner" program to enhance operational efficiency and market responsiveness, allowing store managers greater decision-making power [6]. Group 3 - The European Union has approved Google's acquisition of cybersecurity startup Wiz for $32 billion, marking Google's largest acquisition to date [9]. - Apollo Global Management is nearing a $3.4 billion loan agreement to finance the purchase of NVIDIA chips for Elon Musk's xAI [10]. - Alibaba's DAMO Academy has released an open-source foundational model for embodied intelligence, RynnBrain, enhancing its AI capabilities [10]. Group 4 - The Shanghai government has opened over 5,200 kilometers of autonomous driving test roads, with plans to expand the testing area further [17]. - Toyota and Nissan reported sales increases in China for January, while Honda's sales continued to decline due to delays in new electric vehicle launches [17]. - The launch of the Robotaxi ride-hailing service by Alipay indicates a growing trend towards automated transportation solutions in urban areas [15].

Core Viewpoint - Nissan plans to launch 10 new energy models in China by summer 2027, enhancing its market coverage and accelerating global expansion through competitive products [1] Group 1: New Energy Models - By 2027, Nissan will introduce 10 new energy vehicles in the Chinese market to improve its segment coverage [1] - In 2025, Nissan will launch several models including the Nissan N7, Tianlai Hongmeng cockpit, Frontier Pro PHEV, and Nissan N6 in China [1] Group 2: Global Strategy - The establishment of Nissan Import and Export (Guangzhou) Co., Ltd. in September 2025 marks the implementation of Nissan's "global" strategy [1] - Products developed in China, such as the N7 and Frontier Pro, will be among the first models exported globally, expanding Nissan's international development path [1]

Core Insights - The new car market is experiencing elevated prices, with the average transaction price reaching $48,422 in April 2025, indicating a slight increase compared to the previous year [1] - There is a significant price gap between new and used cars, with new cars being over 29% more expensive than 3-year-old used cars compared to April 2020 [2] - The shift in consumer behavior is evident, as nearly 19.2% of new car buyers are opting for luxury brands, a notable increase from 11-12% pre-pandemic [6] Pricing Dynamics - The Manufacturer's Suggested Retail Price (MSRP) averaged around $50,408 in April 2025, suggesting that dealers are offering discounts to move inventory [3] - Factors contributing to the rising costs of new cars include government compliance, fuel economy standards, safety equipment, and advanced technologies [8] - Tariffs on overseas parts and vehicles are also impacting the pricing of certain models [8] Consumer Behavior - The high prices of new cars are pushing consumers towards used cars or causing them to retain their current vehicles [5] - There is a perception of a technology plateau in new cars, as many features are becoming standard across both new and slightly used vehicles, potentially reducing the incentive to purchase new [9] - Automakers are recognizing the need to find ways to lower prices, as future models may not offer significantly different technology compared to older models [11][12]

Group 1 - Toyota continues to lead as the global sales champion with a cumulative sales volume of 11.32 million units in 2025, marking a year-on-year growth of 4.63% [3] - Toyota's brand sales, including Lexus, reached 10.54 million units, reflecting a growth of 3.72% [3] - North America was a significant growth driver for Toyota, with sales of 2.93 million units, an increase of 7.31% year-on-year [3] Group 2 - Honda's cumulative sales in 2025 were 3.52 million units, ranking second among Japanese automakers, but down approximately 7.5% from 3.81 million units the previous year [3] - Honda experienced a decline in both production and sales in China, with production down 16.4% and sales down 24.2% [3] Group 3 - Suzuki sold 3.30 million vehicles in 2025, achieving a year-on-year growth of 1.4%, marking its entry into the top three Japanese automakers for the first time in over a decade [3] - In India, Suzuki's sales reached 1.84 million units, accounting for about 56% of its total sales, with Japan being its second-largest market at 729,000 units, representing 22.12% [4] Group 4 - Nissan's global sales in 2025 totaled 3.20 million units, a decline of 4.4% year-on-year, resulting in its exit from the top three Japanese automakers [5] - Nissan faced significant sales declines across all major markets, with a 15.2% drop in Japan, and declines of 7.2% and 6.3% in Europe and China, respectively [5]

Production Performance - Nissan's global production in December increased by 10.7% year-over-year, reaching 241,227 vehicles [1] - Production in Japan decreased by 8.5% compared to the previous year [1] - Production outside Japan saw a significant increase of 16.6% year-over-year [1] Sales Performance - Global sales in December fell by 6.7% year-over-year, totaling 272,782 vehicles [1] - For the entire January-December period, global sales declined by 4.4% to 3,202,137 vehicles [2] Export Trends - Exports from Japan in December dropped by 21.8% [1] - Over the January-December period, exports from Japan decreased by 17.3% [2] Overall Production Trends - Total global production for the January-December period declined by 5.7% year-over-year, amounting to 2,950,035 vehicles [2] - Production in Japan for the same period fell by 13.9% [2] - Production outside Japan experienced a smaller decline of 3.5% [2] Stock Performance - Nissan Motor's stock is currently trading at 366 yen, reflecting an increase of 1.19% [2]

Core Viewpoint - The Zacks Foreign Auto Industry outlook remains cautious, with varying growth prospects across key markets, particularly in China, Europe, Japan, and India, influenced by policy changes and consumer confidence [1][4][5][7]. Industry Overview - The Zacks Automotive – Foreign industry encompasses the design, manufacturing, and sale of vehicles and components, heavily influenced by economic conditions and business cycles [3]. - Key manufacturing countries include China, Japan, Germany, and India, with a significant shift towards electric and autonomous vehicles driven by stricter emission regulations and technological advancements [3]. Factors Influencing Industry Dynamics - **China**: After record sales in 2025, growth is expected to slow in 2026 due to reduced policy support for new energy vehicles (NEVs) and fragile consumer confidence [4]. - **Europe**: Modest growth of about 2.5% in 2025 is anticipated to continue, but profitability remains a concern due to a shift towards lower-margin mass-market and EV models [5]. - **Japan**: The market showed a 3.3% sales increase in 2025, with a positive outlook for 2026 supported by tax reductions, although prices limit a full recovery to pre-pandemic levels [6]. - **India**: The market grew by 5% in 2025, driven by government tax cuts improving affordability, with a positive sentiment expected to sustain demand momentum [7][8]. Industry Performance and Valuation - The Zacks Automotive – Foreign industry ranks 184, placing it in the bottom 25% of Zacks industries, reflecting a negative earnings outlook with a 62.6% decline in earnings estimates for 2026 [9][10]. - The industry has underperformed compared to the broader Auto, Tires, and Truck sector and the S&P 500, with an 11% increase over the past year compared to 16% and 14% for the sector and S&P 500, respectively [12]. - The industry is currently trading at an EV/EBITDA ratio of 10.48X, significantly lower than the S&P 500's 18.90X and the sector's 27.29X [15]. Stock Recommendations - **XPeng Inc. (XPEV)**: Notable growth with a 126% increase in vehicle deliveries in 2025, expanding internationally and investing in future technologies [19][20][21]. - **Nissan Motor (NSANY)**: Undergoing a strategic reset with cost-cutting measures and an electrification push, expecting significant improvements in sales and profitability by fiscal 2026 [24][25][26]. - **Mazda Motor (MZDAY)**: Focusing on hybrids while delaying its major EV rollout, with a strategy to balance emissions reduction and consumer preferences, expecting substantial growth in sales and earnings by fiscal 2027 [29][30][31].

Core Insights - Nissan is recalling approximately 26,432 vehicles from the 2025 and 2026 model years due to a flaw that may cause doors to open while driving, increasing the risk of injury or accidents [1] - The defect is related to improperly welded door strikers, with an estimated 1% of the recalled vehicles affected [1] - This recall follows a previous recall of over 41,000 vehicles due to defective windshields that could impair visibility [1] Vehicle Recall Details - The recall includes specific models manufactured between August and September 2025: - 2026 Nissan Kicks: 7,627 vehicles [1] - 2025 Nissan Altima: 8,383 vehicles [1] - 2025-2026 Nissan Frontier: 6,988 vehicles [1] - 2025 Nissan Sentra: 3,434 vehicles [1] - The issue is limited to vehicles equipped with the suspect door striker, and no other Nissan or Infiniti vehicles are affected [1]

Core Insights - Foreign-funded enterprises' R&D institutions are crucial to China's technological innovation system and multinational companies' global R&D networks, with R&D investment in China increasing significantly over the past decade [1] - Suzhou has become a hub for foreign R&D, with nearly 4000 foreign enterprises, 70% of which have established R&D institutions, supported by new policies to attract more R&D resources [1][2] - The transformation of foreign enterprises in China from production bases to innovation centers is exemplified by companies like Nexteer Automotive Systems, which has developed comprehensive innovation capabilities and contributed to industry transformation [2][5] R&D Investment and Growth - Since 2013, R&D funding for foreign-funded industrial enterprises in China has grown by over 86%, and the number of effective invention patents has increased by 336% [1] - In Suzhou, nearly 90% of foreign-funded industrial enterprises have established R&D institutions, indicating a strong commitment to innovation [1][2] Case Study: Nexteer Automotive Systems - Nexteer Automotive Systems (Suzhou) has evolved from a production facility to a global innovation center, establishing a full-cycle innovation capability from concept design to intelligent manufacturing [2][5] - The company has applied for and authorized 20 invention patents and has participated in the formulation and revision of national standards, showcasing its role in driving technological advancements [2][5] Strategic Developments - The establishment of the Asia-Pacific Intelligent Manufacturing Headquarters in Suzhou, with an investment of 1 billion yuan, aims to enhance production capacity and drive technological innovation [3][6] - Nexteer has maintained a consistent R&D investment ratio of over 6%, focusing on electric power steering and next-generation steering systems [5][6] Innovation Ecosystem - The establishment of the "Nexteer Motion Control Technology Research Institute" in Suzhou is a significant milestone, receiving 10 million yuan in special funding to foster innovation and collaboration [11][12] - The company is building an innovation ecosystem by collaborating with automotive manufacturers, universities, and research institutions to accelerate the development of new technologies [12] Market Dynamics - The shift in foreign enterprises' investment logic in China is moving from market-driven and cost-driven to innovation-driven, with local talent becoming the main force in R&D [7][8] - The rapid evolution of the Chinese automotive market, characterized by diverse demands and fast iteration, is driving Nexteer's R&D focus towards electric and intelligent vehicle technologies [11][12] Future Outlook - By 2026, Nexteer aims to leverage its strong industrial foundation and innovation resources in Suzhou to enhance global collaboration and accelerate the transformation of R&D achievements [14]

Nissan Motor announced that it has reached an agreement to sell its underperforming manufacturing facilities in South Africa to Chinese automaker Chery Automobile, subject to certain conditions, including regulatory approvals. The decision to sell the plant follows a 20% drop in Nissan’s sales in the country in 2025 to 8,700 vehicles. The Japanese automaker confirmed that Chery South Africa (Chery SA) has agreed to purchase the land, buildings and manufacturing equipment in Rosslyn, Pretoria, including a ...

日产的南非工厂 日产南非工厂的年产能为4.5万辆，但开工率一直较低。日产计划作为重组的一环而在全球范 围内削减7家工厂…… 日产于2025年5月发布了在全球范围内削减7家工厂的经营重建计划。在日本国内，除了结束 主力工厂追滨工厂（神奈川县横须贺市）的整车生产外，也将不再委托子公司的湘南工厂 （神奈川县平塚市）进行生产。 在海外，日产已宣布削减墨西哥的两家工厂以及阿根廷和印度的工厂，加上此次的南非工 厂，共计5家工厂。 奇瑞汽车于1997年作为安徽省芜湖市政府系企业而成立。该公司自2001年开始海外出口，很 早就开始推进国际化布局。 2014年，奇瑞开始在首个海外生产基地巴西工厂进行量产。奇瑞在西班牙等地也有工厂。奇 瑞的西班牙工厂原本是日产的商用车工厂，由奇瑞与当地新兴企业共同接手。 包括商用车等在内，奇瑞集团2025年的全球销量达到280万6393辆，比2024年增长8%。 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 日产汽车日前宣布将南非的整车工厂出售给中国奇瑞汽车。预计将在2026年中期出售土地、 建筑物以及附近的冲压设备，交易金额未公开。日产计划作为重组的一环而在全球范围 ...