BEIJING (June 5, 2019) – Nissan said today it has continued to outperform the sluggish market for the past 10 consecutive months despite a slight decline of its China and passenger vehicle business in the first five months of 2019, down 0.4% from a year earlier to 587,197 vehicles and 2.2% to 481,613 vehicles, respectively. The light commercial vehicle business – Dongfeng Automobile Co., Ltd. (DFAC) and Zhengzhou Nissan (ZNA) – in the past five months sold 92,260 vehicles, representing an increase of 13.2% from a year earlier.

● Nissan China May sales were 121,895 units, a 4.8% decrease.

● Dongfeng Nissan recorded their best-ever year-to-date sales of 430,424 units, a 0.1% increase, while the May sales were 91,394 units, a 4.3% decrease. Key models such as the Nissan X-Trail, Qashqai, Tiida, Lannia, new Altima, Kicks and SUV series continued to drive sales.

● DFAC saw another month of robust growth in May, posting a 3.2% increase from a year earlier to 13,549 units. Sales in the first five months of 2019 rose 16.8% from a year earlier to 67,911 vehicles. Zhengzhou Nissan reported a 7.4% decrease to 4,751 vehicles in May and a 4.2% increase to 24,349 units over the last five months.

Note: Nissan announces rounded flash results to the media.

“Despite the sluggish market situation, we’re pleased to see we continued to outperform the market in May and the first five months of CY2019, driven by our strong performance in both PV and LCV businesses, especially DFN, DFAC and ZNA and with the support from our dealers and partners,” said Makoto Uchida, senior vice president of Nissan, Chairman, Management Committee of China and president of Dongfeng Motor Limited (DFL). “It’s essential that we remain focused on gaining market share, keeping a healthy profit level and quality of sales. It’s also important that we ensure that we seize all growth opportunities in China by introducing more innovative technologies and products for our customers in China. I am glad to see more and more Chinese consumers are starting to select our new Altima.”

1/Highlights

< Nissan scope (PV + LCV + CBU) >

● In May, 121,895 vehicles were sold under the Nissan scope, a 4.8% decrease from May 2018.

● The cumulative sales volume for the Nissan scope from January to May was down 0.4% from a year earlier to 587,197 vehicles.

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

● DFL-PV sales in May decreased 5.6% from a year earlier to 100,497 vehicles.

➢The sales volume of Dongfeng Nissan in May reached 91,394 units. The cumulative sales volume from January to May was 430,424 units, the highest cumulative sales volume in history.

➢In May, 9,103 Venucia-brand vehicles were sold, and 51,189 vehicles were sold for the first five months of 2019.

● DFL-PV’s total sales volume in the first five months of 2019 was 481,613 vehicles, down 2.2% compared with retail sales for the same period in 2018.

< Nissan’s LCV (Dongfeng Automobile Co. Ltd and Zhengzhou Nissan): 

Part of Nissan scope >

● Nissan’s LCV business in China recorded a 0.3% increase from a year earlier to 18,300 vehicles. Year-to-date sales rose 13.2% from a year earlier to 92,260 units.

2/Product topics

● Dongfeng Nissan’s performance in May was driven mainly by the Nissan X-Trail (18,365 vehicles), Qashqai (13,839), Tiida (6,755), Lannia (3,473) and Kicks (3,585), representing year-over-year growth of 2.5%, 20.5%, 28.5%, 18.2% and 1.6%, respectively. The new Nissan Altima, launched at the end of 2018, turned in sales of 5,958 vehicles in May. Combined sales of Nissan SUVs (including the Nissan Murano, X-Trail, Qashqai, Kicks and Terra) increased 5.0% from a year earlier to 38,775 vehicles. The Nissan X-Trail, Qashqai, Kicks and SUV series all had their best-ever May sales.

● Growth for Dongfeng Venucia in May was boosted mainly by the Venucia D60 (5,697 vehicles). 30,228 units of D60 were sold in the first five months of 2019. 100,000 units have been sold since its launch in November, 2017.

● Robust growth of DFAC in May is driven mainly by its light duty truck series, including Duolika, Tuyi and Xiaobawang models.

● Zhengzhou Nissan May sales continued to be driven by the Nissan Navara (2,035 vehicles) and Dongfeng branded pickup series. 

About Nissan Motor Co., Ltd.

Nissan is a global full-line vehicle manufacturer that sells more than 60 models under the Nissan, INFINITI and Datsun brands. In fiscal year 2017, the company sold 5.77 million vehicles globally, generating revenue of 11.9 trillion yen. On April 1, 2017, the company embarked on Nissan M.O.V.E. to 2022, a six-year plan targeting a 30% increase in annualized revenues to 16.5 trillion yen by the end of fiscal 2022, along with cumulative free cash flow of 2.5 trillion yen. As part of Nissan M.O.V.E. to 2022, the company plans to extend its leadership in electric vehicles, symbolized by the world's best-selling all-electric vehicle in history, the Nissan LEAF. Nissan’s global headquarters in Yokohama, Japan, manages operations in six regions: Asia & Oceania; Africa, the Middle East & India; China; Europe; Latin America; and North America. Nissan has partnered with French manufacturer Renault since 1999 and acquired a 34% stake in Mitsubishi Motors in 2016. Renault-Nissan-Mitsubishi is today the world's largest automotive partnership, with combined sales of more than 10.6 million vehicles in calendar year 2017.

For more information about our products, services and commitment to sustainable mobility, visit nissan-global.com. You can also follow us on Facebook, Instagram, Twitter and LinkedIn and see all our latest videos on YouTube.

About Nissan in China

Nissan entered the Chinese market in 1973, and the brand has been developing rapidly in China since the 1990s. As the wholly owned subsidiary of Nissan Motor Co., Ltd. based in Beijing, Nissan (China) Investment Co., Ltd. manages Nissan’s investment in China together with the parent company. Dongfeng Motor Co., Ltd. is a joint venture between Nissan and Dongfeng Motor Corporation. Under it, Dongfeng Nissan Passenger Vehicle Company, Dongfeng Infiniti Motor Co., Ltd. and Dongfeng Venucia Motor Company mainly produce passenger vehicles, while Zhengzhou Nissan Automobile Co., Ltd. specializes in light commercial vehicles.

In calendar year 2017, Nissan sold more than 1.5 million vehicles in China, including imported, passenger and light commercial vehicles.