Group 1 - Mercedes-Benz plans to sell its approximately $346 million (about 2.47 billion RMB) stake in Nissan, leading to a significant drop in Nissan's stock price by about 6%, the largest decline since early July [1] - Nissan reported a loss of 79.1 billion yen (approximately 3.83 billion RMB) in the first quarter of fiscal year 2025, marking the fourth consecutive quarter of losses [1][3] - The sale of Nissan shares is not considered strategically important by Mercedes-Benz, which aims to clean up its investment portfolio [1] Group 2 - Under the new CEO Ivan Espinosa, Nissan has launched a cost-cutting plan called "Re:Nissan" to restore profitability and achieve positive free cash flow by fiscal year 2026 [3] - In the first fiscal quarter, Nissan achieved global sales of 707,000 units and consolidated net revenue of 2.7 trillion yen (approximately 130.71 billion RMB), with operating losses significantly lower than the previously forecasted 200 billion yen (approximately 9.68 billion RMB) [3] - Nissan has made progress in reducing fixed and variable costs, saving over 30 billion yen (approximately 1.45 billion RMB) in the first fiscal quarter alone [3] Group 3 - Nissan's new vehicle deliveries decreased by approximately 10.2% year-on-year in the first fiscal quarter, with sales declines observed in major markets including North America and Japan [4] - The company faces challenges in brand rebuilding and market restructuring amid global cost-cutting efforts, with some key models entering a replacement window [4] - The penetration rate of Nissan's new energy vehicles, based on pure electric and e-Power technology, has not yet reached stable growth levels in key markets like China and the U.S. [4]