As reported by Taiwanese media MoneyDJ, influenced by the shortages of chips and other parts, Japan’s leading automotive manufacturer Toyota is expected to reduce global production volume by 20% in August. EV production line in Japan will be suspended for one month.

Toyota announced on July 19 that its global August production is expected to hit around 700,000 cars, including approximately 200,000 units produced in Japan and 500,000 units produced overseas, down from the 850,000 it intended to make when briefing suppliers at the start of the year. Toyota still says its global production volume for August through October is estimated to average about 850,000 units per month, and its production forecast for April 2022 to March 2023 fiscal year remains unchanged at approximately 9.7 million cars.

At the same time, Toyota will suspend production at nine lines across 6 of its 14 plants during August. The pauses will vary depending on production lines, with a minimum of 2 days and a maximum of 18 days.

Source from ijiwei