Zhong Guo Jing Ji Wang·2025-05-20 10:40Core Insights - Toyota is seeking deeper collaboration with Nissan following the breakdown of merger talks between Nissan and Honda, proposing a support plan [1] - The financial results for the fiscal year 2024 show Toyota's stability, while Honda and Nissan are in urgent need of transformation [1][2] Group 1: Financial Performance - Toyota and Lexus combined global production for fiscal year 2024 was 9.67 million units, a decrease of 2.9%, with global sales at 10.27 million units, a slight decline of 0.3% [1] - Toyota's revenue for fiscal year 2024 reached 4.804 trillion yen, a year-on-year increase of 6.5%, while net profit was 477 billion yen, down 3.6% [1] - Honda's revenue for fiscal year 2024 was 2.169 trillion yen, up 6.2%, but net profit fell by 24.5% to 835.84 billion yen [1][2] - Nissan reported an operating profit of 69.8 billion yen, down 87.6%, and a net loss of 671 billion yen, a decline of 257.3% [2] Group 2: Strategic Initiatives - Toyota is heavily investing in the Chinese market, showcasing multiple electric vehicle models at the 2025 Shanghai Auto Show and establishing a wholly-owned Lexus entity in Shanghai for integrated electric vehicle operations [2] - Honda is accelerating partnerships with local Chinese companies to enhance its electric and intelligent vehicle development, announcing collaborations with Momenta, DeepSeek, and CATL [3] - Nissan views China as crucial for reversing its global downturn, planning to launch 10 new electric vehicle models by summer 2027 as part of its strategy to strengthen R&D and product offerings [3]