Toyota and Nissan See Sales Growth in China, While Honda Continues to Decline Amid EV Launch Delays

Published: Feb 10, 2026 18:20

Save

Among Japan's three major automakers, Toyota and Nissan saw increased sales in China in January, while Honda continued to decline. Toyota's sales rose 6.6% YoY to 145,500 units, marking the first increase in five months. Nissan's sales grew 10.1% YoY to 50,024 units, the first rise in two months. Honda's sales fell 16.5% YoY to 57,489 units, declining for the 24th consecutive month, due to delays in launching new EV models.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

Shandong High-speed Weihai Shared ESS Power Station Successfully Energized

Recently, the "Shandong High-speed Weihai 200MW/400MWh Shared ESS Power Station Project", invested and constructed by the Energy Investment Group, was successfully energized at one go, marking the official grid connection operation of the power station. The project has a total investment of approximately 400 million yuan, covers an area of about 50 mu, and has a total installed capacity of 200MW/400MWh. It adopts a hybrid ESS technology of "LFP battery + sodium-ion battery", consisting of 39 sets of 5MW/10MWh LFP batteries and 2 sets of 2.6MW/5.2MWh sodium-ion batteries. Connected to the Shandong power grid at a voltage level of 220kV, it fully leverages the advantages of both technologies, effectively enhancing the power grid's peak shaving and valley filling capabilities as well as the comprehensive utilization rate of new energy.

Common.Time.minsAgo

[SMM New Energy] Xingzhihai New Materials’ Jan Lithium Hydroxide Output Reaches 1216.5 Tonnes, Exceeding Monthly Target

In January 2026, Hainan Xingzhihai New Materials Co., Ltd. achieved a strong start to the year, with lithium hydroxide output reaching 1,216.5 tonnes for the month, surpassing its planned target by 16.5 tonnes. The company stated that enhanced production scheduling, optimized quality control, and strengthened safety management measures ensured stable operations and steady output growth. The company added that it will continue to optimize production organization and strengthen safety management in line with its annual plan, aiming to successfully achieve its full-year production and operational targets.

Common.Time.minsAgo

Common.Time.hoursAgo

Zhejiang to Invest $7.4B in Power Grid, Boosting Renewable Energy Capacity and Meeting Rising Demand

According to the Arctic Star Power Transmission and Distribution Network, in 2026, Zhejiang plans to invest 51.23 billion yuan in power grid fixed assets, a 6.2% increase from the previous year. Among them, the investment in the first quarter exceeded 10 billion yuan, a year-on-year increase of more than 40%. It is reported that as of the end of 2025, the installed capacity of wind and solar power had reached 71 million kilowatts, and it is expected to exceed 100 million kilowatts before 2030. Meanwhile, it is expected that in the summer of 2026, the maximum electricity load in Zhejiang will reach 142 million kilowatts, a year-on-year increase of 8.3%.

Common.Time.hoursAgo