11 May 2026
11 May 2026
China’s Light Vehicle (LV) market contracted by 18% year-on-year (YoY) in March, to approximately 1.9 million units.
The EV manufacturer posted a net loss of $383m for the three months to 31 March 2026, a 130.7% deterioration year-on-year.
The Japanese automaker targets growing local demand for B-segment SUVs.
Stellantis brands in general are doing well across Europe with Citroën's UK performance a particular stand-out.
Drop blamed mainly on the introduction of import tariffs in the US.
The projected result represents a significant decline from the Y1.2tn operating profit recorded in the previous financial year.
The Japanese automaker posted operating income of Y3.76tn ($39.81bn) for the fiscal year ended March 2026, with a Y1.38tn tariff impact outweighing benefits from higher vehicle sales volumes, pricing revisions and growth in value chain revenues.
Growth has been driven by strong demand for BEVs, led by Tesla and BYD.
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