May 11, 2022

Toyota cuts production due to Covid lockdown in Shanghai

The firm says the production halt will come into effect on Monday and stay in place until of end of next week. Tesla has reportedly halted most production at its Shanghai plant due to problems with sourcing parts. "Due to the impact of the semiconductor shortage, we announced our revised production plan for May," Toyota said in a statement. Tesla has halted most of its production at its plant in the city due to problems securing parts for its electric vehicles, according to Reuters, citing an internal memo. During a virtual appearance at the FT Future of the Car 2022 conference on Tuesday Tesla's boss Elon Musk said China's lockdown measures would not be "a significant issue in the coming weeks".

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