Core Viewpoint - Despite challenging operating conditions, Nissan is actively seeking partnerships to explore breakthrough paths, including a new joint venture with Dongfeng Motor Group focused on automotive export business [1][2]. Group 1: Joint Venture and Strategic Moves - Dongfeng Motor Group announced a joint venture with Nissan (China) Investment Co., Ltd. to establish a new company primarily for automotive export, with a registered capital of 1 billion yuan, where NCIC contributes 60% and Dongfeng contributes 40% [1]. - The joint venture aims to leverage both parties' financial resources and supply chain capabilities to export vehicles, parts, and accessories to agreed overseas markets [1]. - Dongfeng has previously established joint ventures with NCIC, indicating a strong mutual interest in expanding export operations [1]. Group 2: Market Strategy and Product Development - At the Shanghai Auto Show, Nissan's China management emphasized a new global strategy, with plans to launch the Dongfeng Nissan N7 and Zhengzhou Nissan Frontier Pro PHEV for overseas sales within a year [2]. - The company aims to achieve significant breakthroughs in exports by utilizing Nissan's global dealer network and implementing differentiated strategies [2]. - Nissan plans to increase its electric vehicle offerings from 8 to 10 models by summer 2027, indicating a commitment to expanding its product lineup in response to market demands [2]. Group 3: Performance Challenges - Nissan's financial performance has deteriorated, reporting a 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 [2]. - In the Chinese market, Nissan's annual sales have declined from over 1.13 million units in 2021 to 690,000 units in 2024, highlighting the need for strategic shifts to regain market share [2].

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]