Nissan to scale back production plan for new EV due to China rare earth curbs, Kyodo reports

Nissan Motor is scaling back production plans for its new Leaf electric vehicle model because China's rare earth export restrictions have led to a shortage of parts, Kyodo News reported on Tuesday.

The revised production of the new model, which is set to launch later this year, could complicate the Japanese carmaker's restructuring plans that include closing seven factories and reducing its workforce by 15 percent.

China's rare earth curbs have also led another Japanese automaker, Suzuki Motor, to temporarily suspend production of its flagship Swift subcompact, sources told Reuters last month.

Reuters