Diksia.com - Toyota Motor Corporation announced that global vehicle sales in May increased 10% year-on-year to 838,478 units, the highest in a year.
A report released by Toyota says that not only hybrids are selling well in the market, but electric vehicles made by the Japanese company are also booming.
Total sales of electric vehicles in May last year reached 9,923, a significant increase from April, when only 8,500 were sold.
Bloomberg-launched Toyota saw its sales soar after the global spare-parts crisis subsided.
This allowed Toyota to increase vehicle production to 947,874 units, up 35% year-on-year.
“To meet strong demand, we increased domestic and global production, and set a record production record for May,” Toyota said in an official statement.
The breakthrough achieved by Toyota followed the rise of global automakers such as Honda.
An increase in vehicle production of 329,066 was reported, followed by an increase in production at Nissan. In May 2023, he increased by 19% to 274,551 units.
At the end of 2022, before Toyota’s sales hit a new record, Toyota’s production was experiencing a decline due to the global shortage of semiconductor chips and the auto industry’s spare parts supply crisis.
Shanghai is one of them as a result of lockdowns or lockdowns in many parts of China. Considering that this location is the largest producer of spare parts required by car companies in the world.
As a result of these problems, the Japanese company was forced to slow down production. Until three months in a row of declining production.
Toyota’s vehicle assembly center in St. Petersburg was also forced to close due to the lack of supply of key materials and spare parts.
“The decision to suspend production of Toyota vehicles in Russia was not something we took lightly.
However, even after half a year, we have not been able to resume normal activities, and there are no signs that we will resume in the future. No,” the company said. in a statement.
