Hybrid option: Nissan faces competitive pressure from Toyota and Honda

With demand for electric vehicles declining, Nissan is facing competitive pressure from <a href="https://www.world-today-news.com/juice-for-electric-cars-anywhere-anytime-toyota-and-honda-are-testing-a-mobile-charging-station/" title="Juice for electric cars anywhere, anytime. Toyota and Honda are testing a mobile charging station”>Toyota and Honda, which offer hybrids in the US, Zero Hedge reports.

Nissan’s delivery waiting time rose to 100 days, compared to 30 days for Toyota and 50 days for Honda, prompting Nissan to increase sales incentive payments, exceeding the industry average of 30%.

Nissan began cutting production in September by notifying dealers and suppliers. The reduction was originally planned to last until October, but will now last until December.

The company’s goal of selling 3.65 million vehicles in 2024 is now in jeopardy.

Clarity

Nissan Motor Co., Ltd. – Japanese automaker, one of the largest in the world.

Toyota Motor Corporation is a Japanese automobile manufacturing corporation that also provides financial services and has several additional business lines.