AutoBeta(AutoBeta.net)11/29 Report--

Recently, Toyota Motor announced the latest global sales data (including Toyota/Lexus) show that from January to October, the global cumulative sales volume was 6.924 million vehicles, down 14.0% year-on-year; among them, the global sales volume in October was 847,000 vehicles, up 8.3% year-on-year, and the year-on-year growth for two consecutive months was mainly due to the demand stimulation of the Chinese market and the US market.

By region, Toyota sold 144,000 vehicles in Japan in October, up 37.4% year-on-year, and finally turned positive after 13 months; sales in the U.S. market were 205,000 vehicles, up 8.8% year-on-year, up for two consecutive months. However, Toyota expects car sales to fall 15% in 2020 due to the severe impact of the domestic epidemic in the United States.

Toyota, by contrast, has performed more optimistically in China. Data show that Toyota sold 176,000 vehicles in the Chinese market in October this year, up 33.3% year-on-year and achieving year-on-year growth for seven consecutive months.

According to the data of the Association, FAW Toyota sold 76,000 vehicles in October 2020, with a year-on-year growth of 39.2%; GAC Toyota sold 74,000 vehicles in that month, with a year-on-year growth of 27.0%. In addition, the sales volume of imported Lexus in China was 24,000 vehicles, up 44.4% year-on-year.

In terms of specific models, the monthly sales volume of car Corolla was 35930 (up 9.0% year-on-year), the sales volume of Rayling was 22459 (up 8.3% year-on-year), the sales volume of Camry was 17441 (up 13.1% year-on-year), and the sales volume of SUV RAV4 was 15545 (up 411.0% year-on-year).

On November 6, Toyota released its financial report for the first half of fiscal year 2021 (April to September 2020), showing revenue of 11.38 trillion yen, down 25.9% year-on-year; operating profit of 519.98 billion yen, down 62.85% year-on-year; net profit of 631.19 billion yen, down 46.7% year-on-year. Toyota expects operating profit of 1.3 trillion yen in fiscal 2021, still down 45.8 percent from 2.47 trillion yen in the previous fiscal year.

At present, except for the Chinese market, the world's major consumer markets are still affected by the new crown epidemic, and automobile consumption has not yet recovered. However, even if demand for cars is weaker than last year, Toyota is pinning its hopes on its business in China, thanks to a rebound in the Chinese market.

At the 2020 Guangzhou Auto Show not long ago, FAW Toyota/GAC Toyota both developed brand-new models for the Chinese market. FAW Toyota Aolan/GAC Toyota Lingshang was built based on TNGA architecture, with a wheelbase of 2750. They were positioned as A+ class cars, between Rayling/Corolla and Camry/Asian Dragon. With the arrival of two new models, Toyota will also see new sales growth while filling the A+ market gap and expanding the TNGA family lineup.

In terms of electric vehicles, Toyota and BYD established a joint venture company to carry out the design, research and development of pure electric vehicles and platforms and parts used for such vehicles. This is the third joint venture company established by Toyota in China after GAC Toyota and FAW Toyota. The models produced by the company are hung with Toyota logo and are planned to be launched into the Chinese market by 2025.

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