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Toyota announced on its website that it has a global production target of about 700000 vehicles in August, including about 200000 in Japan's domestic market and 500000 in overseas markets. Toyota said it expected production plans to be cut due to the COVID-19 epidemic and parts shortages, but the full-year production plan for fiscal year 2022 (April 2022-March 2023) remained unchanged at about 9.7 million vehicles previously announced. According to Toyota's latest production plan, Toyota plans to produce an average of about 850000 vehicles a month from August to October this year, which brings Toyota's global production to about 2.55 million vehicles from August to October.

According to Toyota Motor's latest shutdown plan, of a total of 28 production lines in Toyota's 14 factories in Japan, a total of 9 production lines at 6 factories, including Toyota City, Aichi Prefecture), Takei Factory (Toyota City, Aichi Prefecture) and Yoshihara Plant (Toyota City, Aichi Prefecture), will be suspended during August, with affected models including bZ4X, RAV4, RAV4 PHV, Camry and Lexus LX. Among them, the longest shutdown time is the Wonmachi plant in Toyota City, Aichi Prefecture, where some production lines will be suspended for 18 days in August; the shortest shutdown time is at the Toyota body Yoshihara plant and Toyota Industries, which shut down production for one day on August 1 and August 22, respectively, although part of the August suspension is also related to the annual high temperature holiday.

Affected by the epidemic and parts supply shortages and other factors, Toyota has suffered frequent production cuts since March this year, which has directly led to a decline in new car sales in the global market of Japanese car companies. According to the Nippon Keizai Shimbun, data released by the Japan Federation of Automobile sales Associations and the National Federation of Light vehicle Associations show that from January to June this year, Japan's new car sales (including light vehicles) fell 15% year on year to about 2.0862 million, the lowest level since the first half of 2011 (about 1.919 million). Among them, Japan's new car sales (including light vehicles) in June were 327896, down 10.3% from the same period last year. It is also the 12th consecutive month that new car sales in Japan have been lower than the same period last year since July 2021. Specifically, Toyota (excluding Lexus) sold about 638000 vehicles in japan from January to June, down 19% from a year earlier, while Subaru sold about 46000 vehicles in japan, down 21% from a year earlier. In mid-June, Toyota's domestic sales in Japan fell 25% from a year earlier, while Dafa Industrial sales fell 18% from a year earlier.

As for the reasons for the decline in sales, the automobile industry is concerned that Japanese car companies are mainly affected by multiple factors such as parts shortage and closure policy. under this background, the production capacity of Japanese car enterprises is continuously restricted by factors such as the shortage of automobile semiconductors. On the other hand, the performance of Japanese car companies in the Chinese market has improved.

Take Toyota, for example, since the beginning of this year, Toyota has frequently encountered the problem of stopping production and reducing production. For example, in mid-June, Toyota initially expected a production capacity of 950000. Because Toyota was forced to cut production at three factories this month, Toyota's production capacity was reduced from 950000 to 750000, with a cumulative production reduction of about 200000 vehicles. The Chinese market has been back on track since May. "Toyota's capacity constraints are mainly in the Japanese domestic market, and the Chinese market is not much affected for the time being," according to a Toyota China insider. " This is also the main reason for Toyota's renewed growth.

According to the statistics concerned by the automobile industry, in the Chinese market, Toyota and Honda both achieved year-on-year growth in June, with both companies rising by more than 19%, and Toyota increased by 19.2% to 200100 vehicles. Honda increased 19.4% to 141142 vehicles, making it the highest year-on-year increase among the four major Japanese car companies. By contrast, Nissan and Mazda did not perform well in China, with both Nissan and Mazda falling in June from a year earlier, with Mazda falling as much as 40.3 per cent to 10145 vehicles and Nissan China down 22.7 per cent to 546020 vehicles.

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