Due to problems in the supply of parts, many Japanese car companies have successively announced the suspension or reduction of production, and from April 11, Mitsubishi Motors' main plant in Japan has been suspended for five days. To what extent has the supply chain lag affected Japanese car companies? Are car prices fluctuating at the moment?
△ CCTV Finance "Tianxia Finance" column video
Affected by the delay in the supply of parts, mitsubishi Motors' main plant in Japan will be suspended for five days from the 11th, which mainly produces models such as Outlander and Yige.
Not only Mitsubishi, but also affected by the tight supply of parts, Mazda and Daihatsu have also recently announced the temporary suspension of some factories in Japan. Honda has also said it expects to cut production by 30 percent at its main plant in Japan this month. In addition, Nissan has also recently postponed the launch of an electric vehicle due to supply chain problems.
Coupled with the long-term failure to alleviate the chip shortage under the epidemic, the Japanese auto industry is facing unprecedented difficulties. According to the latest data, in the 2021 fiscal year ending March this year, New Car Sales in Japan reached 4.21 million units, the lowest level in 45 years. Of Japan's eight major car companies, with the exception of Mitsubishi, the remaining seven saw sales declines, with Toyota down 9 percent and Mazda seeing the biggest drop of 16 percent.
In addition to the impact of the epidemic, the supply chain of the Japanese automobile industry has also been greatly affected by the international situation. Under the situation in Russia and Ukraine, the price of nickel needed to produce car batteries has risen to more than double that of last year, which will undoubtedly push up the production cost of electric vehicles. Including nickel, the price of a variety of raw materials has risen, making Japanese car companies under pressure to increase prices.
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On the 9th, Weilai Automobile said on its official APP that since March, due to the epidemic, the company's supply chain partners in Jilin, Shanghai, Jiangsu and other places have stopped production one after another, and have not yet recovered. Affected by this, WEILAI's vehicle production has been suspended.
Source: CCTV Finance
Editor: Huang Lin Xiao Moss
Review: Wei Xi
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