Many models are affected, Toyota officially announced that the mechanical key will replace the smart key

On October 27, Toyota announced that due to the shortage of chips and the faster delivery of new cars, Toyota decided to temporarily replace the smart key with a mechanical key. Toyota said in the announcement that it will temporarily replace the two intelligent digital keys (electronic key + mechanical key) that come with the new car with mechanical keys, and stressed: “This is a temporary measure aimed at delivering cars to customers as soon as possible. The second smart key (electronic key) is planned to be handed over to the owner as soon as it is ready.”

The models involved include 14 models including the Crown, Camry, bZ4X, RAV4 and Land Cruiser models of the Toyota brand, LS, ES, IS, LC (including convertibles), LX, NX, UX, UX300e, etc. of the Lexus brand 9 models.

Toyota Motor pointed out in the announcement that due to factors such as the shortage of semiconductors and other components, the spread of the new crown epidemic and the stagnation of logistics, future car production is still difficult to predict, but it will continue to do its best to deliver new cars as soon as possible. In fact, after entering the 2022 fiscal year (April 2022-March 2023), Toyota has adjusted its monthly production rhythm several times, and has repeatedly emphasized its adherence to the annual goal of producing 9.7 million vehicles in this fiscal year. On October 21, Toyota announced that its global production in November was 800,000 vehicles, of which 250,000 in the Japanese domestic market and 550,000 in overseas markets. At the same time, Toyota has repeatedly announced that it will produce 9.7 million vehicles in 2022. No change, but given the general environment, Toyota expects global production in fiscal 2022 (April 2022-March 2023) to be lower than the original target of 9.7 million vehicles. A Toyota spokesman said that Toyota is evaluating the chip shortage for the future. The impact on production, and revised production targets will be announced once the situation becomes clear.

On October 28, Toyota Motor Group released production and sales data for the first half of fiscal year 2022 (April-September 2022). 4,742,280 units were lower than the same period of the previous year for the first time in two years. Among them, domestic sales in Japan decreased by 16.37 to 590,541 units year-on-year, and sales in overseas markets increased by 0.14% year-on-year to 4,151,739 units; ) Global production increased by 9.80% year-on-year to 4,481,600 units, while domestic sales in Japan fell by 7.72% year-on-year to 1,287,462 units.

Among them, the production and sales data in September showed that in September 2022, Toyota’s global sales increased by 17.9% year-on-year to 825,000 units, of which domestic sales in Japan increased by 25.9% year-on-year to 119,000 units, and overseas market sales increased by 15.9% year-on-year to 705,000 units; output In September 2022, Toyota’s global production increased by 73.1% year-on-year to 887,733 units, and the domestic domestic market production increased by 101.53% year-on-year to 275,605 units.

Toyota Motor said that due to tight semiconductor supply and demand and the impact of the epidemic, sales in the first half of fiscal 2022 were lower than the same period of the previous year, which was hit hard by Toyota’s domestic market in Japan. In September, the strong demand for automobiles and the government’s measures, coupled with the impact of the epidemic in the previous year, the production and sales data declined, so the production and sales data of Toyota in September both achieved year-on-year growth.

At present, Toyota is still deeply affected by the shortage of parts supply, but it is not only Toyota Motor that has adjusted its production capacity due to the above-mentioned environment. The lack of 150,000 vehicles has not been completed, lowering the delivery target. Volkswagen says vehicle deliveries this year will be on par with last year, missing the 5% to 10% growth target announced this summer, and fiscal 2022 will continue to be affected by supply bottlenecks due to a structural shortage of semiconductors, expected in the fourth quarter Semiconductor supply will further improve. In addition, Volkswagen CEO Bloom also said in the first earnings conference call after taking office nearly two months ago: “The challenges facing our supply chain will become the rule, not the exception.” Volkswagen has established a department to monitor the supply chain facing threats and improve forecasting of potential shortages. On October 25, Volvo Cars announced that it will temporarily close a factory for a week due to the impact of the epidemic and the ongoing shortage of semiconductor supplies.

As for when the chip shortage problem can be alleviated? Stellantis CEO Tang Weizai recently said he expects the chip shortage to ease by the end of 2023, and Volkswagen Group CFO Arno Antlitz said the chip shortage is expected to continue until 2024. That is to say, chip shortages will remain a new normal for a long time to come. According to the latest data from Auto Forecast Solutions, an auto industry data forecasting company, as of October 23, due to chip shortages, the global auto market has cut production by about 3,615,600 vehicles this year, of which 172,900 vehicles have been cut in China due to chip shortages, accounting for only 172,900 of the total. About 4.8% of the reduction in production has eased in comparison, but AFS predicts that the cumulative reduction in the global auto market will climb to 4.2623 million vehicles by the end of this year.

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