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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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Toyota surpasses 9.1 million car manufacturing goal, warns chip shortage persists.

oyota promises 10 new battery EV vehicles by 2026 - Toyota Logo
Photo Credit: Rvlsoft Photo Credit: Rvlsoft
oyota promises 10 new battery EV vehicles by 2026 - Toyota Logo
Photo Credit: Rvlsoft Photo Credit: Rvlsoft

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Toyota Motor Corp (7203.T) just exceeded its aim of 9.1 million cars in the financial year that ended in March as factory interruptions from global chip supply concerns and pandemic lockdowns eased.

The world’s largest carmaker by sales said predicting the long-term chip shortage’s effects was hard.

On Thursday, Toyota said that it produced 9.13 million vehicles in the 12 months to March 31, ahead of its target, which was trimmed twice from 9.7 million due to industry disruption.

Last year, 8.57 million automobiles were made.

In March, 9.61 million cars were sold globally, up from 9.51 million the year before.

Sales and production goals for the April-started business year were not disclosed.

In the first three months of 2023, it sold 17,473 battery electric automobiles (EVs), including Lexus models.

Toyota sold 24,466 battery EVs worldwide in 2022.


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