{"id":302926,"date":"2025-05-15T15:36:00","date_gmt":"2025-05-15T22:36:00","guid":{"rendered":"https:\/\/sftarticles.wpenginepowered.com\/en\/?p=302926"},"modified":"2025-07-01T14:38:08","modified_gmt":"2025-07-01T21:38:08","slug":"japanese-automaker-faces-5-2-billion-loss-as-it-restructures-and-cuts-20000-jobs","status":"publish","type":"post","link":"https:\/\/cms-articles.softonic.io\/en\/japanese-automaker-faces-5-2-billion-loss-as-it-restructures-and-cuts-20000-jobs\/","title":{"rendered":"Japanese Automaker Faces $5.2 Billion Loss as It Restructures and Cuts 20,000 Jobs"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Nissan has officially scrapped plans to build a new lithium iron phosphate (LFP) battery plant in Japan, a facility that was expected to play a crucial role in reducing electric vehicle (EV) battery costs.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This decision comes as the Japanese automaker faces declining sales in key markets, such as China and North America, and anticipates a staggering net loss of up to 750 billion yen ($5.2 billion) for the fiscal year ending in March 2025.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With these financial pressures, Nissan is restructuring its operations and is preparing to eliminate approximately 20,000 jobs globally, representing around 15% of its workforce.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">? Nissan is going to cut 20,000 jobs, close seven plants and stop all post-2026 projects after it recorded a \u00a33.8 billion net loss <a href=\"https:\/\/t.co\/i3mVFK6r5w\">https:\/\/t.co\/i3mVFK6r5w<\/a> <a href=\"https:\/\/t.co\/lI960KxHJA\">pic.twitter.com\/lI960KxHJA<\/a><\/p>&mdash; Autocar (@autocar) <a href=\"https:\/\/twitter.com\/autocar\/status\/1922210941120180438?ref_src=twsrc%5Etfw\">May 13, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Nissan&#8217;s Decision to Halt Battery Plant Highlights Struggles Against Rising EV Competitors<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The halted battery plant was projected to produce batteries that would be used in Nissan&#8217;s mini vehicles starting in 2028, aiming to cut EV battery costs by 20% to 30%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Nissan had received recent government approval, along with financial backing amounting to 55.7 billion yen ($384 million) to establish a domestic supply chain for LFP batteries, which would have marked a significant investment of over $1 billion (153.3 billion yen). Nevertheless, the company&#8217;s leadership has indicated that they are &#8220;considering all options&#8221; to restore performance in the face of market challenges.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Nissan Announces Mass Layoffs &amp; Shuts Factories After Biggest Loss in History\" width=\"840\" height=\"473\" src=\"https:\/\/www.youtube.com\/embed\/4EvVzDiDYVc?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Despite these setbacks, <strong>Nissan is set to launch a next-generation LEAF in the US and Canada later this year.<\/strong> This updated model is expected to offer an impressive driving range of 373 miles (600 km) and will feature a port that allows access to Tesla Superchargers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, industry analysts warn that abandoning the LFP plant could hinder Nissan&#8217;s long-term competitiveness against rising EV manufacturers like BYD, which are rapidly gaining traction in both existing and emerging markets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>The urgency of Nissan\u2019s situation reflects a broader trend;<\/strong> Japanese automakers, once pioneers in the EV space, now find themselves caught in a race against agile competitors, struggling to reclaim their earlier dominance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nissan has officially scrapped plans to build a new lithium iron phosphate (LFP) battery plant in Japan, a facility that was expected to play a crucial role in reducing electric vehicle (EV) battery costs. This decision comes as the Japanese automaker faces declining sales in key markets, such as China and North America, and anticipates &hellip; <a href=\"https:\/\/cms-articles.softonic.io\/en\/japanese-automaker-faces-5-2-billion-loss-as-it-restructures-and-cuts-20000-jobs\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Japanese Automaker Faces $5.2 Billion Loss as It Restructures and Cuts 20,000 Jobs&#8221;<\/span><\/a><\/p>\n","protected":false},"author":9317,"featured_media":298449,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","wpcf-pageviews":0},"categories":[1015],"tags":[8319,8773],"usertag":[],"vertical":[],"content-category":[6849],"class_list":["post-302926","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ev","tag-nissan","content-category-lifestyle"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/posts\/302926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/users\/9317"}],"replies":[{"embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/comments?post=302926"}],"version-history":[{"count":1,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/posts\/302926\/revisions"}],"predecessor-version":[{"id":303240,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/posts\/302926\/revisions\/303240"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/media\/298449"}],"wp:attachment":[{"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/media?parent=302926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/categories?post=302926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/tags?post=302926"},{"taxonomy":"usertag","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/usertag?post=302926"},{"taxonomy":"vertical","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/vertical?post=302926"},{"taxonomy":"content-category","embeddable":true,"href":"https:\/\/cms-articles.softonic.io\/en\/wp-json\/wp\/v2\/content-category?post=302926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}