Nissan Motor(US:NSANY) Mei Ri Jing Ji Xin Wen·2025-11-07 12:29Core Points - Nissan Motor Co. announced the sale of its global headquarters building in Yokohama for 97 billion yen (approximately 4.5 billion RMB), with plans to continue using the building under a lease agreement [1][3] - The buyer is a special purpose company established by Hong Kong automotive parts giant Minth Group, and Nissan expects to record a special profit of 73.9 billion yen from this sale in its fiscal 2025 consolidated financial statements [1][4] - The proceeds from the sale will be used to improve Nissan's financial situation and support digitalization and R&D efforts [1][4] Financial Performance - For the first half of fiscal 2025 (April to September), Nissan reported a net loss of 221.9 billion yen (approximately 10.3 billion RMB), a significant decline from a profit of 19.2 billion yen in the same period last year [4][6] - Global sales for the second quarter (July to September) were approximately 773,000 units, a year-on-year decrease of 4.5% [4][6] - Nissan forecasts total vehicle sales of 3.25 million units for fiscal 2025, with expected declines in key markets including China, Japan, and Europe [4][6] Restructuring Efforts - Nissan has initiated various cost-cutting measures, including a global workforce reduction of 20,000 employees and the closure of seven factories, aiming to reduce costs by approximately 500 billion yen by fiscal 2026 [6][7] - The company reported a record net loss of 670.8 billion yen for fiscal 2024, marking a 257.3% decline year-on-year [6] Strategic Initiatives - Nissan is focusing on electric vehicle (EV) development, with the launch of the Dongfeng Nissan N7, its first strategic EV model under the "Tianyan Architecture" [7][9] - The company is positioning the Chinese market as a key hub for its global operations, recently establishing Nissan Import and Export (Guangzhou) Co., the first joint venture for foreign automotive companies in China [9]