BEIJING (April 8, 2022) – Nissan’s passenger vehicle and light commercial vehicle sales in China reached 298,863 vehicles in the first three months of the year, a 15.2% decline year on year, because of worsening external headwinds, including ongoing COVID disruptions across the country and cross-industry shortages.

Sales by the passenger vehicle and LCV businesses declined 32.6% to 87,902 units in March. Sales by the passenger vehicle business (Nissan, Venucia and Infiniti brands) in March reached 67,910 units, while the light commercial vehicle business of Dongfeng Automobile Co., Ltd. (DFAC) and Zhengzhou Nissan (ZNA) achieved 19,992 units sold.

Note: Nissan announces rounded flash results to the media.

Nissan reports retail sales for PV and wholesale sales for LCV

“Due to ongoing semiconductor shortages and supply chain disruptions from the spread of COVID-19, we are experiencing a continued impact on vehicle production and sales,” said Shohei Yamazaki, senior vice president of Nissan, chairman of the Management Committee for China, and president of Dongfeng Motor Ltd. (DFL).

“We are making our best efforts to recover production and sales in following months,” he said, adding that although the China market remains robust from a long-term point of view, the market is still confronting “short-term uncertainties in the supply chain and intensified competition.”

1/Highlights

< Nissan scope (PV + LCV + CBU) >

   ?    87,902 vehicles were sold in March under the Nissan scope, a 32.6% decline from the same month a year earlier.

< DFL-PV (Nissan + Venucia + INFINITI): Part of Nissan scope >

   ?    The sales volume of Dongfeng Nissan (including Nissan, Venucia and INFINITI brands) in March reached 67,910 units, and the sales volume of the Nissan brand reached 60,008 units. Venucia brand sold 7,151 vehicles in March, an increase of 44.2% year over year.

< Nissan’s LCV (Dongfeng Automobile Co. Ltd and Zhengzhou Nissan):Part of Nissan scope >

   ?    Nissan’s LCV sales in China stood at 19,992 vehicles in March. DFAC’s March sales reached 15,043 vehicles while Zhengzhou Nissan’s March sales stood at 4,949 vehicles.

2/Product topics

   ?    Dongfeng Nissan’s performance in March was driven by its sedan and SUV series across the Nissan, Venucia, and Infiniti brands.

        ?   For Nissan Sedans, Altima sold 11,679 units in March and 40,686 units in Q1, an increase of 14% year-on-year, which broke its best Q1 sales record; the SYLPHY series sold 30,240 in March, an increase of 6% month-on-month.

        ?   For Nissan SUVs (including Murano, X-trail, Qashqai, Kicks and Terra), sales of the SUV series reached 15,234 units in March; Qashqai sold 41,675 units in Q1, an increase of 3% year-on-year and its best Q1 sales record.

        ?   Venucia’s March sales were boosted mainly by the Venucia V-online (3,408 vehicles), D60 series (894 vehicles), and EV families (1,915 units).

        ?   INFINITI’s March sales were driven mainly by the QX50, Q50L and all-new QX60.

   ?    DFAC’s performance from January to March was driven mainly by its light-duty truck series.

   ?    Zhengzhou Nissan’s March sales continued to be driven by the Nissan Navara (984 vehicles) and Dongfeng Rich-brand pickup series (3,135).