Nissan And Honda Reduce China Production As Texas Attracts Major US Corporations
Nissan and Honda are preparing to reduce their vehicle production capacity in China due to increasing competition from Chinese electric vehicle manufacturers. Nissan plans to negotiate with a local joint-venture partner to decrease its annual production capacity by up to 30%, equivalent to 500,000 cars, from its current capacity
Nissan and Honda are preparing to reduce their vehicle production capacity in China due to increasing competition from Chinese electric vehicle manufacturers. Nissan plans to negotiate with a local joint-venture partner to decrease its annual production capacity by up to 30%, equivalent to 500,000 cars, from its current capacity of 1.6 million vehicles per year in China.
Meanwhile, Nippon Steel faces challenges in its bid to acquire U.S. Steel amidst protectionist sentiment and geopolitical considerations. Despite U.S. Steel's decline to third place in national rankings, Nippon Steel seeks to bolster U.S. environmental policies through the acquisition, requiring a delicate balance of national sentiment and political maneuvering.
Texas has emerged as a top destination for major corporations in the United States, surpassing California and New York in attractiveness. Companies such as Tesla and Toyota Motor have moved to Texas, drawn by tax incentives and talent acquisition support from the state government.
In Cambodia, the government, under Prime Minister Hun Manet, is planning a $1.7 billion Chinese-funded canal project called Funan Techo. The canal aims to connect Phnom Penh directly with Cambodian ports on the Gulf of Thailand, bypassing Vietnam's traditional control over the Mekong River. However, the project may lead to the displacement of residents like Mao Sarin, whose tin-roofed home near the Mekong River is at risk of being eliminated to make way for the new canal.
