Group 1 - Nissan and Dongfeng Motor Group have signed a joint venture agreement to establish a new company focused on automotive export business, with a registered capital of 1 billion yuan, where NCIC contributes 60% and Dongfeng contributes 40% [1] - The new joint venture aims to leverage financial resources and supply chain capabilities for exporting vehicles, parts, and accessories to agreed overseas markets, with the contract lasting for 28 years [1] - Dongfeng Motor has set an export sales target of 100,000 vehicles starting in 2025, including four models of Nissan's electric vehicles, as part of its "启DNA+" strategy [1] Group 2 - Nissan is launching a new global strategy, with plans to start exporting the Dongfeng Nissan N7 and Zhengzhou Nissan Frontier Pro PHEV within a year, focusing on differentiated strategies through its global dealer network [2] - The competitive landscape for electric vehicles in China is intensifying, prompting more domestic and joint venture brands to seek opportunities abroad, with companies like Yueda Kia and Changan Mazda achieving significant sales growth through exports [2] - Nissan's performance has been declining, with a projected net loss of 670.9 billion yen for the fiscal year ending March 31, 2025, compared to a profit of 426.6 billion yen in the previous fiscal year, and a drop in annual sales in China from over 1.13 million units in 2021 to 690,000 units in 2024 [2]

Group 1 - Dongfeng Motor Group has signed a joint venture agreement with Nissan (China) to establish a company focused on automotive export business, with a registered capital of RMB 1 billion, where Nissan China contributes 60% and Dongfeng contributes 40% [1][3] - The joint venture aims to leverage both companies' financial resources and supply chain capabilities to export vehicles, parts, and accessories to agreed overseas markets [3] - Nissan has been facing declining performance, reporting a net loss of $4.5 billion (approximately RMB 32.25 billion) for the fiscal year 2024, with a 12% year-on-year drop in sales in China, totaling 697,000 units [3][4] Group 2 - Due to overcapacity, Dongfeng Nissan closed its Changzhou factory in June last year, marking the first closure of a complete vehicle factory by Nissan in China, less than four years after it began operations [4][6] - Dongfeng Nissan has launched a "New Struggle 100" action plan, aiming to introduce seven new energy products by the end of 2026 and set an initial export target of 100,000 units [4] - Other Dongfeng brands are also expanding into overseas markets, with the high-end new energy brand Lantu planning to enter 60 countries by 2030 [8]