Part 5/8:
The news is bleak for Nissan as it sees competitors like Toyota and Honda thrive in the EV arena. The company’s recent cancellation of a planned $1 billion battery factory symbolizes not just a loss of future potential but a retreat in its commitment to innovation. The decision, believed to be influenced by financial pressures and a downgraded debt rating to junk status by major agencies, points toward a broader issue of fiscal responsibility and strategic vision.