Japan's Nissan Motor (7201.T) plans to cut its car production in China by 30,000 vehicles in the coming months, a source briefed told Reuters, as global auto manufacturers struggle to cope with the declining market demand in China.
Nissan is another car manufacturer that has cut production in China after Ford Motor (F.N) and Hyundai Motor (005380.KS). The slowdown in China's economic growth and trade war with the United States have hit car sales in the past few months.
Sources said Nissan plans to cut China's auto production by 30,000 vehicles between December and February next year, compared with its initial production plan. As the plan has not yet been announced, the source asked for anonymity.
Car manufacturers will set initial production plans for each automobile factory, which will be modified by demand, supply chain problems and other factors. It is not clear how many Nissan cars were originally intended to produce in these three months.