Nissan reduces petrol car production as EV sales boom in China

The Japanese carmaker Nissan has reduced its production of petrol cars in China due to the rapid increase in sales of electric and hybrid vehicles. The manufacturer has been caught off guard by the speed at which the market is shifting towards new energy vehicles.

Nissan has cut its sales forecasts for China and will also reduce its production of petrol cars in the country. The company is facing a brutal price war in the world's biggest automotive market.