Nissan Motor(US:NSANY) 日经中文网·2025-05-09 08:06Group 1 - Nissan has decided to abandon the plan to build an electric vehicle (EV) battery factory in Kitakyushu, originally planned with an investment of approximately 153.3 billion yen due to poor performance in North America and China [1][2] - The factory was intended to produce lithium iron phosphate (LFP) batteries, which can reduce costs by about 30% compared to traditional batteries, and was expected to be operational by 2025 [1][2] - The cancellation of the project will significantly impact Nissan's EV business, which is already facing challenges from competitors like Tesla and BYD [2] Group 2 - Nissan's new president, Ivan Espinosa, is accelerating restructuring efforts, which include a plan to cut approximately 9,000 jobs, accounting for about 7% of the company's global workforce, and reduce production capacity by 20% [2] - The company has drastically revised its asset values and announced a projected loss of up to 750 billion yen for the fiscal year ending March 2025, compared to a profit of 426.6 billion yen in the previous fiscal year [2]