Due to the impact of supply chain, chips and the epidemic, Toyota plans to suspend production at five factories in Japan in January next year

According to Reuters on December 20, Toyota motor said on Monday that toyota motor will suspend production at five factories in Japan in January due to supply chain problems, chip shortages and the new crown epidemic.

Toyota reportedly said that the shutdown of these plants will affect the production of about 20,000 vehicles, but will not affect its annual production target of 9 million vehicles.

Last week, Toyota said it expected north American car production to fall to 50,000 units in January due to supply chain issues.

According to the data, as early as October this year, due to chip shortages, Toyota Motor suspended all 14-seat car factories in Japan; at the same time, global production was reduced by 40% (330,000 units), equivalent to 40% of the original production plan.

On the other hand, Toyota Motor is also actively exploring production solutions for power batteries. In September, Toyota motor said it expected to invest more than $13.5 billion by 2030 to develop batteries and their battery supply systems to lead this key automotive technology over the next decade. It also said that by 2030, it will ensure that the battery production capacity will be increased by 10% compared with the previous plan, and strive to reach more than 200 million kWh. In this regard, Toyota Motor has also proposed a policy to reduce the cost of electric vehicle batteries by half.

In October, Toyota Motor Corporation announced that it intends to invest USD 3.4 billion in the U.S. by the end of 2030 in the development and production of power batteries. Toyota announced the establishment of a new company in the U.S. to build a power battery plant and plans to start operations by 2025.

Recently, Toyota Motor also announced that it will spend $1.29 billion to build a new battery factory in North Carolina to expand its hybrid and electric vehicle business. Toyota motor vehicle said the new plant plans to eventually expand to at least six production lines, which can produce 1.2 million batteries per year. Chris Reynolds, chief administrative officer of Toyota Motor North America, said: "The new plant, located in Liberty, will begin production in 2025, initially supplying lithium-ion batteries to 800,000 cars a year and will pave the way for Toyota's electric vehicle production in the United States, According to Reuters. (Proofreading/Andy)