Toyota Motor Corp said Friday that production at its Russian facility would stop on Friday, and car imports into the country will be stopped indefinitely due to supply chain issues. Toyota joins a number of other Japanese automakers in making or proposing similar measures, citing difficulties obtaining parts and other logistical issues.
Following Russia's invasion of Ukraine, many Western corporations have shunned the country, with some announcing that they will withdraw their investments, but the response of many Japanese companies has been more subdued thus far "Toyota, like everyone else across the globe, is following the events unfolding in Ukraine with profound concern for the safety of the Ukrainian people and hopes for a safe return to peace as soon as possible," the company said in a statement.
In comparison to other EVs, the Toyota bZ4X might have a safer, longer-lasting battery. Toyota is Russia's most popular Japanese brand, with a facility in St. Petersburg employs 2,000 people and producing roughly 80,000 automobiles.Mazda Motor Corp, which sold 30,000 cars in Russia last year, announced that components deliveries to its joint venture facility in Vladivostok will be stopped soon.
Mitsubishi Motor Corp said it may halt manufacturing and sales in Russia due to possible supply chain disruptions as a result of Russian sanctions. Honda Motor Co said it has suspended shipments of automobiles and motorbikes to Russia due to difficulties in transporting vehicles and completing payments, despite sales totaling only 1,406 units in the 2020 fiscal year.
Nissan Motor Co, which sold 53,000 vehicles in 2021, said it was continuing operations in Russia for now while monitoring the situation there. Autos and auto parts made up more than half of Japan's exports to Russia in 2020, according to the finance ministry.
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