<ul><li>Nissan acknowledges its need for improvement in terms of fast product development and staying competitive in the market.</li><li>The company plans to address its slow pace by focusing on reducing product development time from 55 months to 37 months for the first car in a family, and even further for subsequent models.</li><li>Nissan lags behind Western competitors and Chinese automakers who can develop new cars in a shorter time frame.</li><li>While Nissan is making efforts to catch up, the execution of the turnaround plan and cultural adaptation remain the real challenges.</li></ul>

'We're Not Quick Enough': What Nissan Learned From China

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