Nissan reduces petrol car production as EV sales boom in China

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Guardian Business

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 prod…