FAW Toyota will produce more than 800,000 vehicles in 2023, with new energy models growing rapidly

According to news on December 31, unlike usual, many car companies chose to "submit their papers in advance" at the end of the year and announced their production and sales reports. Lantu Motor announced the sales of some models in December yesterday, while FAW Toyota announced their car production results in 2023 today. The move attracted widespread attention and created greater interest in trends across the automotive industry.

According to data from FAW Toyota, they successfully produced 802,666 vehicles this year. Among them, the growth rate of hybrid models reached 27%, and the growth rate of new energy models was as high as 187%. This data shows that FAW Toyota has made significant progress in the field of new energy vehicles.

However, according to reports from Reuters and Japan Jiji News Agency, Toyota Motor has previously announced that it will stop production on some aging production lines of its joint venture FAW Toyota in Tianjin, China. Toyota explained that this decision was based on consideration of composition changes such as vehicle aging and body type, and was aimed at optimizing the production system.

According to reports, FAW Toyota also announced a production reduction plan for the next three months last month. Insiders responded that this was a decision made based on the current market competition environment. They not only pay attention to the pressure dealers face in terms of funds, inventory and profits, and strive to ensure the quality of sales at the end of the year, but also hope to prepare for the growth of sales next year on the basis of stabilizing this year's sales and reasonable profits.

Regarding the inventory situation, insiders revealed that the current absolute inventory level is not high, about 1.1 months. By comparison, the highest inventory period in history (2014-2015) reached 2.7 months. They said that the sales side is trying to reduce the capital cost of dealers' inventory vehicles to ease the dealer's profit pressure. This move helps improve sales efficiency and market competitiveness.

The above is the detailed content of FAW Toyota will produce more than 800,000 vehicles in 2023, with new energy models growing rapidly. For more information, please follow other related articles on the PHP Chinese website!