A major earthquake with a magnitude of 6.8 on the Richter scale suddenly plunged the Japanese auto industry into a difficult position. Because Japanese auto parts manufacturer Riken (Riken) suspended production due to the impact of the earthquake and was unable to provide engine parts, yesterday, five Japanese automakers including Toyota Motor Corporation and Nissan Motor Corporation made a decision to stop production. However, domestic auto experts have analyzed that the impact of Japan will not cause the interruption of domestic components and the impact on the joint venture will be minimal.
Toyota, Japan's largest automaker, announced yesterday that it will suspend production at about 30 factories in Japan from the evening of the 19th to the 20th. Japanese automakers such as Nissan, Mitsubishi, Suzuki and Fuji Heavy Industries also plan to suspend production for one to four days from this weekend to the beginning of next week. A number of Japanese car companies fell into suspension
Riken mainly produces automotive transmission oil-proof materials and piston rings and other auto parts, and occupies a large share of the Japanese domestic market. And because Riken said there is no timetable for resuming production, the production plans of Japanese automakers may be forced to make major changes. Toyota said it will stop production for at least 3 days. Nissan's two factories in Kanagawa and Tochigi and the car body factories of related companies will be partially discontinued from the 20th. Mitsubishi Motors, Japan's fourth-largest auto company, also said that its assembly lines in Okayama Prefecture will be completely shut down from the 20th to the 23rd, and assembly lines in Aichi and Gifu will also be shut down from the 21st to the 23rd.
Suzuki Motor Corporation was also not spared. The company said that its five factories in Aichi and Shizuoka have been partially or completely discontinued. The company's automobile production will be reduced by about 10,000 units, and motorcycle production will be reduced by about 5,000 units. The Subaru car maker Fuji Heavy Industries ’small car production line in Gunma Prefecture will be shut down from the evening of the 19th to the 21st. Some industry analysts believe that this time many Japanese auto companies have fallen into discontinuation of production, reflecting how vulnerable the supply chain in the auto industry is.
Chinese market has limited impact
It is understood that during the shutdown period, Toyota's Japanese plant produces at least 11,000 cars a day, of which 60% is exported. A company spokesperson declined to comment on the possible impact of the shutdown on the company's earnings. "Toyota's sales in China are normal now, and it will not be determined whether it will have an impact in the future. Toyota's Japan headquarters is also evaluating the impact of the shutdown on the Chinese market." Yesterday, the head of Toyota China told reporters.
Dongfeng Nissan also said that the Japanese earthquake will not affect the sales of cars in the Chinese market. It is reported that due to the sudden interruption of the supply of automobile transmissions, Nissan is considering suspending the production of complete vehicles, but it is believed that production will soon return to the previous level. "May have an impact on cars imported from Japan." Bao Yinong, an automotive research analyst, said after hearing the Japanese earthquake news, "That is, people who order Japanese-made cars in China need to wait more time, but for China For auto companies that use Japanese spare parts, there will be no major impact. "
Bao Yinong believes that at present, domestic joint ventures with Japan have been localized, and more than 60% of parts are purchased in China. Moreover, these companies have rich experience in responding to production crises, so they will handle zero The interruption of parts supply will also reduce the impact of the Chinese market to a minimum.
According to reporters, since the vast majority of Japanese in Japan buy their own domestically produced cars, if parts suppliers stop production, the impact of Japanese automakers and consumers will further increase, but will not cause global and Chinese cars The disruption of the industrial chain.