2 1 Shi Ji Jing Ji Bao Dao·2025-10-21 09:33Core Insights - Nissan is undergoing a significant transformation to appeal to younger consumers in China, marking a "second entrepreneurship" phase as it celebrates its 40th anniversary in the market [2][10] - The company faces a critical survival crisis, with a notable decline in global retail sales and a significant drop in the Chinese market, which is now seen as a key pillar of Nissan's global strategy [3][4] Sales Performance - In Q1 FY2025, Nissan's global retail sales fell to 707,000 units, a decrease of 10.1% year-on-year, with net sales dropping to 2.7 trillion yen, down 9.7% [3] - The Chinese market experienced a staggering 27.5% decline in sales, the largest drop among all regions [3] Market Positioning - Nissan's brand perception as a "technology-driven" company is fading, struggling to compete with Toyota and Volkswagen while facing pressure from local Chinese brands [3][4] - The company's luxury brand, Infiniti, is losing its presence in the premium market [3] Strategic Initiatives - Nissan has launched the "Re:Nissan" revival plan, which includes global layoffs of 20,000 employees and the closure of seven factories, aiming to optimize costs [5] - The company is focusing on localizing its operations in China, with plans to introduce three new models led by the Chinese team in Q4, including the N6, a new Altima, and the FrontierPro [6][9] Product Development - The N6 will be Nissan's first plug-in hybrid sedan, while the new Altima will feature Huawei's HarmonySpace 5.0 smart cockpit [6][9] - Nissan plans to introduce 10 new energy models in China by 2027, covering various powertrain types [8] Future Outlook - The company aims to invest 10 billion yuan in new energy research and development over the next three years, expanding its technical team to 4,000 members [10] - Nissan's strategy emphasizes a "Glocal" approach, decentralizing decision-making to the Chinese team to enhance responsiveness to market demands [9][10]