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Nissan reduces petrol car production as EV sales boom in China

2 outlets in 2 countries have reported this story so far; it is not verified yet.

📍 China, CN·🕐 1h ago·2 outlets

Manufacturer says ‘shift to new energy vehicles is happening faster than expected’ and market is harsh The Japanese carmaker Nissan has said it has been caught out by accelerating sales of electric and hybrid cars in China amid a brutal price war in the world’s biggest automotive market. The manufacturer slashed its sales forecasts for China and said it would cut back on petrol car manufacturing while increasing production of battery electric vehicles and plug-in hybrids, which combine a smaller battery with a petrol engine.

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2 outlets

2 outlets reported this story, but it isn’t verified yet: that takes two or more independent outlets and a reliability score of 65%.

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The story so far · 2 reports · · 2 countries
  1. Nov 11, 12:11 PM UTCFirst report
    Nissan pares car sales forecast on tougher China competition japantimes.co.jp ↗
  2. Nov 11, 1:24 PM UTC+1 h· you’re reading this
    Nissan reduces petrol car production as EV sales boom in Chinatheguardian.com ↗
  3. Severity rose to medium
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cross sourcepending33%

Only 1 source — pending corroboration

1h ago
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1h ago
source diversitypending50%

Average source trust: 50%; Source tiers represented: national

1h ago
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1h ago
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Nissan reduces petrol car production as EV sales boom in China Manufacturer says ‘shift to new energy vehicles is happening faster than expected’ and market is harsh The Japanese carmaker Nissan has said it has been caught out by accelerating sales of electric and hybrid cars in China amid a brutal price war in the world’s biggest automotive market. The manufacturer slashed its sales forecasts for China and said it would cut back on petrol car manufacturing while increasing production of battery electric vehicles and plug-in hybrids, which combine a smaller battery with a petrol engine.

Reliability
59%

Moderate · How we score this

Risk Score
medium risk