On March 16, a 7.4-magnitude earthquake struck the east coast of Honshu, Japan, and Toyota recently announced that a total of 18 production lines at 11 plants in the north would be temporarily suspended, and it is expected that the production of 20,000 vehicles will be affected.
Toyota announced the suspension of factory production
Specific models, the most affected models of this suspension are Toyota Yaris, GR Yaris and Lexus LC, LS and RC models, Toyota imported models in the domestic market, the pick-up time is expected to be extended, and the price may also have a lot of increases, especially the owners who have booked Lexus, they must be mentally prepared.
Lexus LS
In addition, Renesas Electronics, a world-renowned chip supplier, also said that its two semiconductor factories have suspended production, and as for when to resume production, the official has not yet had any notification news. Renesas Electronics is the world's third largest supplier of automotive chips, but also a major producer of automotive MCUs, and has previously cooperated with some domestic car companies, so the suspension of production, the pace of new car production of some domestic car companies is expected to be affected by certain supply.
Renesas Electronics
Of course, the biggest loss is Toyota, which announced in March that it has suspended the production of some factories due to semiconductor shortages, and now coupled with the impact of this earthquake, it can be said that it has directly led to the "comprehensive" suspension of the entire Toyota's local business. Toyota will reduce production by 20% in April, May and June to alleviate the pressure from suppliers due to shortages of chips and other components, and this year can be said to be a fateful year for Toyota.
Toyota plant
However, Toyota still said that despite the reduction in production targets, the production target for 2022 remains at the level of 8.5 million units. Although Toyota is still full of confidence, but the global chip shortage has become a stage problem, and the problem has not been alleviated since last year, coupled with the direct suspension of production caused by this natural disaster, Toyota is on the list again this year, it is estimated that it is a little difficult.