• Nissan Motor intends to halt vehicle production at its Wuhan plant by March 31, 2026, following a significant decline in operational efficiency, with capacity utilization dropping below 10%. The plant, which opened in 2022, has struggled to compete against domestic Chinese automakers, producing only about 10,000 units annually, far below its 300,000 vehicle capacity. This decision aligns with Nissan's forecast of a record net loss of up to 750 billion yen ($5.22 billion) for the financial year ending March 31, 2025, primarily due to impairment charges.

• The closure of the Wuhan plant, which manufactured key models like the Ariya electric vehicle and X-Trail SUV, reflects broader challenges faced by foreign automakers in China amid fierce competition. This move may impact Nissan's market position and operational strategy in the region, as it seeks to streamline operations and focus on more profitable ventures. The decision also underscores the shifting dynamics in the automotive industry, where local manufacturers are increasingly dominating the market.