Toyota, Honda, Nissan cut China output as petrol car market shrinks
· Politics · Japan · China
Toyota, Honda and Nissan are slashing output in China as the country's gasoline car market shrinks. Toyota's monthly sales fell as its China slump entered an eighth month, underscoring how difficult the world's largest auto market has proven for the biggest carmaker. The cuts reflect the shift toward electric vehicles in China and pressure on Japanese brands' share of the world's leading vehicle market.
Why it matters：Japanese automakers' retreat from China signals a durable shift in the world's largest car market toward domestic EV champions.
Key points
- Toyota, Honda and Nissan are cutting China output.
- Toyota's China slump entered an eighth month.
- China's gasoline car market is shrinking.
Sources (original reporting)
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