GAC Toyota shut down the chip supply, so press the pause button
According to insiders, Guangfeng’s output in January this year may be reduced by up to 30% due to chips. The specific output will depend on the duration of the shutdown.
Just in early January, the shortage of semiconductor chips has put more large automakers into a capacity dilemma. Daimler, Nissan, Honda, Ford, and Fiat Chrysler have already stated last week that the chip problem has spread to the production end, causing the production of some models to have to press the pause button.
In the latest news on January 12, Toyota Motor has suspended some production lines of GAC Toyota starting on the 11th due to insufficient supply of semiconductor chips, and plans to restart production on the evening of the 12th. It is reported that Toyota has stopped the third production line of GAC Toyota. The production of cars and SUVs at this base has been temporarily compressed by the supply of chips.
It is reported that Toyota has informed some dealers recently that Guangfeng’s production plan has been suspended for 4 days. However, due to the procurement of semiconductor chips, it resumed production ahead of schedule on the evening of the 12th. Insiders revealed that Guangfeng's output in January this year may be reduced by up to 30% due to chips, and the specific output will be determined according to the duration of the shutdown.
The third production line of GAC Toyota is mainly responsible for the production of models such as Camry and C-HR. Although production has been running normally, the company still intends to continue to expand the purchase of semiconductor chips in preparation for stable supply. According to industry insiders, FAW Toyota, located in the north, is also revising China's production plan.
In the past 2020, Toyota sold 1.79 million new vehicles in China, an increase of 10.9% over 2019. This achievement set a record for 8 consecutive years and exceeded the sales target of 1.76 million vehicles set at the beginning of 2020.
Prior to this, Toyota's production capacity affected by chips was mainly concentrated in North America. The company's North American spokesperson Scott Vazin revealed last week that they will reduce the production of the full-size pickup truck Tundra at the San Antonio, Texas plant, but it is not clear at this stage how much will eventually be reduced.
