Nissan Motor(US:NSANY) 日经中文网·2025-09-20 00:33Core Viewpoint - Nissan has significantly reduced the production plan for its new electric vehicle "LEAF" due to delays in battery procurement and lower-than-expected battery yield from its supplier, AESC, which poses challenges for the company's operational recovery [2][4][5]. Group 1: Production and Supply Chain Issues - The production plan for the new LEAF has been cut to less than half of the original plan for the months of September to November due to battery supply delays [2][4]. - The production plan for the new LEAF at the Tochigi plant has been adjusted for the fiscal year 2025, with significant reductions in production expected for September and October, with some months seeing declines of several thousand units [4]. - The battery yield from AESC has not met expectations, impacting Nissan's ability to secure sufficient battery supply, which may affect actual sales performance [4][5]. Group 2: Market Performance and Strategic Direction - Nissan is facing declining sales in the U.S. market, with a projected consolidated loss of 670.8 billion yen for the fiscal year 2024, compared to a profit of 426.6 billion yen in the previous year [5]. - The new LEAF is positioned as a key model for improving Nissan's performance, with the company implementing factory restructuring and layoffs as part of its strategy to enhance long-term performance [5]. - Nissan's global new car sales fell to 1.61 million units in the first half of 2025, a 6% year-on-year decrease, marking a 16-year low, and the company has dropped out of the top ten in global new car sales [7]. Group 3: Competitive Landscape - Nissan, once a leader in the EV market, is losing market presence due to the rise of competitors like Tesla and BYD, particularly in the U.S. market [7]. - The domestic market in Japan is becoming increasingly competitive, with Honda launching its lightweight electric vehicle "N-ONE e:" and BYD planning to introduce a lightweight electric vehicle by fiscal year 2026 [7].