Affected by the chip shortage, Toyota Motor plans to reduce its production target for February by 200,000 units

Jiwei Network news, on January 18, Zhitong Finance Network reported that due to the global chip shortage, Toyota Motor will reduce global automobile production in February from the original plan by about 20%, from the original 900,000 to 700,000. Although production is planned to be reduced, it is up 10% from the same period last year.

As early as December 20, 2021, Toyota motor motor said 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. In October last year, Toyota suspended all 14-seat japanese automakers, while reducing global production by 40 percent (330,000 units), equivalent to 40 percent of the original production plan.

It is understood that Due to the impact of the new crown epidemic, Toyota has led to a shortage of auto parts, last summer to autumn forced to significantly reduce production, but compared with other brands, sales in the United States and China have grown On the other hand, Toyota plus its subsidiaries Daihatsu Industries, Hino Motors, etc., from January to November 2021, sold a total of 9.562 million vehicles worldwide, surpassing Volkswagen and ranking first in global automobile sales for two consecutive years.

The report also quoted people familiar with the matter as saying that at present, the operation of the Tianjin plant has not yet resumed. "The situation is changing every day now, we are still ongoing statistical evaluation, and it is not yet possible to estimate when production will resume." Toyota Motor Corporation (TM. US) has production plants in Addition to Tianjin, there are also production lines in Chengdu and Changchun. "Factory production in other places will also be adjusted according to the supply situation of the Tianjin parts factory." The spokesperson said, "We still take the safety of our employees as the bottom line, and try to adopt a more flexible production system and inventory, and ensure supply as much as possible." ”

Meanwhile, like other automakers, Toyota is releasing a range of electric vehicle models to meet stricter emissions regulations in major markets such as Western Europe. Unlike some automakers, however, Toyota has not committed to abandoning fuel vehicles altogether, and Toyota believes some regions are not ready to switch to electric vehicles, or other alternative propulsion technologies. (Proofreading/Andy)