Nissan's problem is the aging product lineup in the US market, which has incurred high sales expenses. Its joint venture in China has been scaling back since last year, but strictly speaking, this has little impact on profits.

Now automakers must focus on finding profitable markets and iterating core products—this is absolutely critical. In China's current market: Aito targets the wealthiest demographic, Li Auto anchors itself in the middle-class family segment, BYD achieves miracles through massive volume, while Chery and Great Wall rely on exports.