Toyota will cut production by 20% in February, faw and BYD set up a joint venture company| the daily review of CBN Motor

FAW and BYD establish a joint venture

Recently, FAW Fordi New Energy Technology Co., Ltd. was established, which is a joint venture between BYD and FAW Group, with a shareholding ratio of 51%:49%. The registered capital of the joint venture is 1 billion yuan, and its business scope includes the development, production, and sales of power batteries and battery systems, as well as the provision of related after-sales and technical consulting services.

Yicai comments: Earlier, BYD's power battery subsidiary Fordy Battery has provided power battery support for FAW Hongqi. At present, BYD's blade battery is in a state of short supply, BYD's Qin PLUS DM-i car equipped with blade battery Shanghai car pick-up cycle of more than 6 months, earlier there was news that BYD will supply blade batteries for Tesla. BYD's installed power battery capacity in 2021 is 25.06GWh, accounting for 16.2% of the market. The new joint venture plans to eventually achieve an annual production capacity of 45GWh of power batteries, matching the scale of more than one million vehicles.

SAIC customized 2 car ro-ro boats

SAIC Motor And China Shipbuilding Group formally signed an agreement that CSSC Jiangnan Shipbuilding will "tailor-made" 2 ocean-going automobile transport vessels (ro-ro ships) for SAIC AG's SAIC Anji Logistics, to help SAIC And China Automobile export, and accelerate the promotion of high-gold content "China Intelligent Manufacturing" to the world.

Yicai comments: Export has become a new choice for some independent car companies. SAIC, Chery, Great Wall, Geely and other car companies have gone abroad to accelerate the layout of overseas markets, of which SAIC, Chery and other car companies have achieved good overseas sales results. Along with the growth of sales, the demand for automobile shipping has also risen. SAIC Anji Logistics has built the largest domestic automotive enterprise self-operated fleet. Faced with increasingly stringent carbon emission requirements, SAIC Anji began to reduce carbon in the transportation process. The two LNG dual fuels customized this time not only have a good carbon emission performance, but also have 4 decks specially modified for new energy (including hydrogen fuel) vehicles. In addition, in land transportation, SAIC Anji is accelerating the layout of new energy heavy trucks, including hydrogen fuel cells.

Toyota to cut production by 20% in February

Toyota Motor will cut global production in February to 700,000 units from its original plan, a cut of about 20 percent, due to further losses caused by the global chip shortage. Toyota said: "Consumer demand is very strong at present, we originally planned to increase production in February, but due to the shortage of semiconductors, we had to reduce the production plan by 150,000 units." ”

Yicai Review: Since December 2021, the shortage of domestic chips has been alleviated. However, some industry insiders analyzed that due to factors such as the overseas epidemic and the suspension of production during the Christmas holiday in December last year, this allowed domestic car companies to get more chip resources. Toyota's production cut plan this time shows that the storm of chip shortage has not ended. For Toyota, its global production target for fiscal 2021 (April 1, 2021 to March 31, 2022) is 9 million units, and if toyota needs to meet the target, Toyota will need to produce 1 million vehicles in March, and the new production cut may cause Toyota to meet its production target for this fiscal year.