Shortage of semiconductors hits Japanese car makers directly-Chinese media

On January 24, ZAKER reported that Japanese automakers are facing a difficult situation, especially in the Chinese domestic market, partly due to the shortage of semiconductors.

On October 24, 2022, ZAKER, a Chinese media outlet, reported that Japanese automakers are facing tough conditions, mainly in the Chinese domestic market, partly due to the shortage of semiconductors.

The article is based on the latest data from the China Passenger Car Market Information Conference (CPCA), and the number of passenger cars (sedans, SUVs, MPVs) sold in the narrow sense in China in September was 1,922,000 units, up 21.5% year-on-year. On the other hand, the sales volume of Japanese automobiles decreased, and the market share was 17.7%, down 3.1 percentage points from the same period last year.

Changan Mazda sold 7,087 units in September, down about 60% year-on-year, while Dongfeng Nissan sold 703,977 units in the January-September period, down 15% year-on-year. In addition, Honda’s sales in the Chinese market in September were 101,069 units, down 16.8% year-on-year, and the cumulative sales from January to September were 1,050,383 units, down 5.2% year-on-year. Honda explained that the decline in sales was due to the global shortage of semiconductors, which forced the production of some models to be adjusted.

Among Toyota affiliates, Guangqi Toyota sold 96,000 units in September, nearly doubling from the same month in the previous year, due to strong sales of the Camry and Highlander. In addition, FAW Toyota also reported that the wholesale volume in September was 85,000 units, 86% of the previous year, but pointed out that the shortage of semiconductors forced a reduction in production on a global scale. On the 21st of this month, the company announced that it would revise its global production forecast for the period from April 2022 to March 2023 downward from 9.7 million units. Told you it was taken down. (Translation/Editing/Kawajiri)