According to CNBC, Nissan Motor plans to increase exports of China-developed vehicles from two models to five, targeting 12 regional market clusters in the very near term, as it competes with Chinese automakers. CEO Ivan Espinosa said Nissan is adapting vehicles for Chinese consumers with local technology, lower costs and faster development. On Wednesday, the company cut its global sales outlook for the fiscal year ending March 2027 to 2.97 million to 3 million vehicles from 3.15 million, its second reduction in months, while maintaining its operating profit and net cash guidance. Nissan also reported second-quarter operating profit fell 96% to 2.1 billion yen ($13 million), while revenue rose 8.2% to 3.1 trillion yen.