JBIC is a state-owned export credit agency in Japan, which aims to help Nissan improve its performance in the United States. Nissan's performance in the North American market continues to be sluggish. Data show that in 20 19, Nissan's sales in North America decreased by 9.9% to1350,000 vehicles. This year, the downward trend has not stopped. Nissan's second fiscal quarter financial report shows that from July to September this year, Nissan's sales in the United States were 2,265,438+00,000 vehicles, down 32.4% year-on-year.
The United States is Nissan's second largest automobile market after China, which is a key link for Nissan to boost its performance. Therefore, it has made a series of plans, including credit financing, to make normal business adjustments.
This is not the first time Nissan has borrowed money. In the first half of this year, in response to the epidemic crisis, Nissan obtained about $6.65 billion in loans from major lending institutions, one third of which was guaranteed by the Japanese government. Japan Bank for International Cooperation (JBIC) is a credit institution under the Japanese government. This year, a number of loans have been provided to car companies including Nissan, such as a loan of 582 million US dollars to Nissan Mexico Branch in July; 65438+ 10 reached an agreement with Honda Brazil branch worth $78 million.
Comparatively speaking, the China market is Nissan's biggest reliance at present. During the period of 1- 10 this year, Nissan sold 883,000 vehicles in China, and the sales volume is gradually picking up, with a year-on-year increase of 5%, reaching146,000 vehicles. At the same time, Nissan pays more attention to the China market. Its president and CEO Uchida said at the 2020 Beijing Auto Show that by 2022, Nissan will introduce seven new cars to the China market, including Nissan Ariya and Nissan e-POWER technology models.
Editor's comment:
The financial report of Nissan Motor Co., Ltd. in the second fiscal quarter of fiscal year 2020 (July-September, 2020) shows that the net loss in the second fiscal quarter was 44.4 billion yuan, showing a significant upward trend compared with the net loss of 285.6 billion yen in the first fiscal quarter. Behind the recovery of Nissan's performance, China is the biggest boost, while the American market is still dragging its feet, which shows Nissan's anxiety. With the support of the Japanese government and banks, perhaps Nissan can adjust its business in North America as soon as possible and achieve profitability again. ? (Text/car home? Song)