Breaking
ARIndian Border Guard forces kill Pakistani civilians and escalate regional tensionsITSpecial war in Iran and tensions in the Middle EastCNA man wanted to remit 30,000 yuan to buy egg yolk cakes late at night. Changhua police patrolled and stopped the fraud in time.ITWar Ukraine Russia: Russian attacks on Kiev, Kharkiv and other regions, damage to the southern bridge and infrastructureBRCaptain stabbed by co-pilot during flight to Israel speaks for the first time about the attackCNThe co-pilot of Dubai Airline flight FZ1073 attempted to hijack the plane and crashed. After the incident subsided, the focus of the investigation turned to his qualification reviewUSUFC 332 Preview: King Green, Roberto Soldic, Anthony Wint Headline Undercard in Salt Lake CityDENorth Korea fires ballistic missile – Kim Yo Jong rejects South Korean demandBRLula's campaign calls for intense mobilization in the 48 hours before the first roundBRBusinesswoman's electric car gets stuck in a drain in Goiânia and is removed with the help of twelve workersARIndian Border Guard forces kill Pakistani civilians and escalate regional tensionsITSpecial war in Iran and tensions in the Middle EastCNA man wanted to remit 30,000 yuan to buy egg yolk cakes late at night. Changhua police patrolled and stopped the fraud in time.ITWar Ukraine Russia: Russian attacks on Kiev, Kharkiv and other regions, damage to the southern bridge and infrastructureBRCaptain stabbed by co-pilot during flight to Israel speaks for the first time about the attackCNThe co-pilot of Dubai Airline flight FZ1073 attempted to hijack the plane and crashed. After the incident subsided, the focus of the investigation turned to his qualification reviewUSUFC 332 Preview: King Green, Roberto Soldic, Anthony Wint Headline Undercard in Salt Lake CityDENorth Korea fires ballistic missile – Kim Yo Jong rejects South Korean demandBRLula's campaign calls for intense mobilization in the 48 hours before the first roundBRBusinesswoman's electric car gets stuck in a drain in Goiânia and is removed with the help of twelve workers
Newsgather
All StoriesWorldSportsFinanceTechScienceHealthCultureClimatePoliticsSpace
Back裕日車中國投資虧損擴大 日系品牌在華陷困境
裕日車中國投資虧損擴大 日系品牌在華陷困境
Developing
自由时报1 hour agoBusiness2 min readChinaView translation

裕日車中國投資虧損擴大 日系品牌在華陷困境

裕日車廣州風神豐田

Quick Look

中國車市價格戰導致豐田上半年銷量年減17.1%、日產下降15%，裕日車旗下廣州風神汽車上半年淨損達18.39億元，裕日車需認列7.85億元投資虧損，中國轉投資總虧損超過8億元，直接導致裕日車上半年稅後淨損擴大至7.8億元。

AI-generated summary

Why It Matters

裕日車過去高度依賴中國轉投資收益，廣州風神曾是重要利潤來源，但近年中國車市價格戰加劇，日系品牌銷量下滑。

Font size

AI合成示意圖

〔記者高嘉和/台北報導〕中國車市「內捲」價格戰正吞噬日系品牌生存空間。2026年上半年，豐田（Toyota）在中國銷量年減17.1%至69.47萬輛，而日產（Nissan）銷量更衰退15%至23.7萬輛。受到銷量重挫拖累，過去作為裕日車「西進」金雞母的廣州風神汽車，今年上半年虧損年增近10倍，不僅令市場震驚，更凸顯日系品牌在中國面臨的嚴峻挑戰壓力。

裕日車過去高度仰賴中國轉投資收益，認列廣州風神等子公司的獲利，一度貢獻裕日車高達8成淨利；裕日車西進最風光時期大約落在2019年，當時光是上半年，認列廣州風神汽車的獲利就逾30億元、全年貢獻更超過68億元。

請繼續往下閱讀...

但短短7年後豬羊變色。根據今年上半年合併財報，廣州風神本期淨損高達18.39億元，裕日車依持股比例（42.69%）必須認列高達7.85億元的投資虧損，較去年同期認列虧損的8198萬元，惡化速度驚人。

若加計風神襄陽汽車等其他中國轉投資的2334萬元虧損，裕日車上半年在中國認列的投資虧損超過8億元，直接導致今年上半年整體稅後淨損達7.8億元，較去年同期3.19億元虧損進一步擴大。

根據中媒報導，東風日產正試圖將戰略轉向「中國智造」，計畫今年第4季起開始進軍海外市場，將過剩產能轉化為外銷出口基地，但仍有待市場真實的考驗。

一手掌握經濟脈動 點我訂閱自由財經Youtube頻道

What to Watch

AI outlook — possibilities, not facts

  • 裕日車將在未來數季持續承受中國投資虧損壓力

    Likely · Within months

  • 東風日產將嘗試將過剩產能轉為海外出口

    Possible · Within months

Open Questions

  • 裕日車是否會調整中國投資策略？
  • 東風日產轉向海外市場的計畫能否成功？
  • 中國車市價格戰何時會緩和？

Related Topics

裕日車
People高嘉和
Organizations廣州風神汽車豐田日產
Places中國廣州台北
Topics廣州風神豐田日產中國車市價格戰投資虧損
This article was originally published by 自由时报.

Related Stories

Taipower Labor Union Chairman Wu Youbin warned: If the financial situation deteriorates, the situation of equipment investment reduction during the Ma government may be repeated.
Developing·

Taipower Labor Union Chairman Wu Youbin warned: If the financial situation deteriorates, the situation of equipment investment reduction during the Ma government may be repeated.

Wu Youbin, chairman of the Taipower Labor Union, pointed out that Taipower may lose more than 70 billion yuan this year. If the financial situation continues to deteriorate, it may repeat the situation during the Ma government period when equipment investment and maintenance were reduced due to excessive losses. This will affect employees and may lead to power outage accidents, affecting the development of industry and people's livelihood. He emphasized the importance of budget allocation to maintain power supply quality and manpower sustainability.

自由时报
3 min read
Kaohsiung Mingyi Bookstore will close on November 30, ending its 27-year history
Developing·

Kaohsiung Mingyi Bookstore will close on November 30, ending its 27-year history

Mingyi Bookstore, a well-known brick-and-mortar bookstore in Kaohsiung, will close its doors on November 30, ending its 27-year history, as its income from book sales cannot cover store costs. The bookstore once faced closure due to rent increases in 2018, but later received concessions from the landlord to renew the lease. However, due to the impact of e-commerce and changes in reading habits in recent years, it was ultimately unable to continue operating.

自由时报
2 min read
G7 agrees to release 100 million barrels of diesel and crude oil from emergency reserves over next four months
Developing·

G7 agrees to release 100 million barrels of diesel and crude oil from emergency reserves over next four months

G7 countries reached an agreement on Friday to release 100 million barrels of diesel and crude oil from emergency reserves in the next four months under the coordination of the IEA and not to restrict each other's energy exports. This decision was finalized after US President Trump threatened to impose a diesel export ban to put pressure on Europe. The US subsequently announced that it would not implement the ban. After discussion, the EU decided to reach a compromise by releasing 50 million barrels of diesel from Europe and 50 million barrels of crude oil from other IEA members. After the news, European and American diesel futures fell 3% to 5%, but geopolitical risks pushed Brent crude back to $102 a barrel.

自由时报
2 min read
The U.S. non-farm payroll data for September was shocking, with the unemployment rate rising to 4.2%. U.S. technology stocks led gains, and Taiwan stock futures soared to 49,495 points in night trading.
BREAKING·

The U.S. non-farm payroll data for September was shocking, with the unemployment rate rising to 4.2%. U.S. technology stocks led gains, and Taiwan stock futures soared to 49,495 points in night trading.

The number of non-farm payrolls in the United States increased by only 29,000 in September, far lower than the expected 90,000. The unemployment rate rose to 4.2%, causing the probability of an interest rate hike in October to plummet to 18%. U.S. technology stocks rose sharply, with the Philadelphia Semiconductor Index rising 3.27%, TSMC ADR rising 2.38%, and Taiwan stock futures soaring more than 800 points in night trading to 49,495 points. The legal person recommended focusing on AI semiconductor and cloud infrastructure-related stocks and deploying them in batches.

自由时报
1 min read
The oversupply of China's new energy vehicle industry has led to a sharp decline in sales of foreign car companies, and the risks of many brands relying on the Chinese market have intensified
Developing·

The oversupply of China's new energy vehicle industry has led to a sharp decline in sales of foreign car companies, and the risks of many brands relying on the Chinese market have intensified

China's strong subsidies for the new energy vehicle industry have led to overcapacity and market involution, causing multinational car companies that relied heavily on the Chinese market in the early years, such as General Motors's Buick, Cadillac, Ford Lincoln, and German BBA and Volkswagen brands, to see a sharp decline in sales. Among them, 90% of Buick's sales came from China, with only 436,000 units sold last year, compared with 2016. The annual peak fell by more than 60%; Cadillac's sales in China fell from a peak of 233,000 units in 2021 to about 100,000 units; Lincoln's sales in China dropped from nearly 80,000 units to 36,000 units; the three BBA's combined Chinese sales dropped by nearly 260,000 units; Volkswagen's sales in China fell by 8% to 2.6938 million units, surpassed by Geely for the first time.

自由时报
2 min read
More on this topic裕日車