Toyota worldwide vehicle production 2007-2020
Toyota’s motor vehicle production contracted by 1.8 percent to reach around 8.8 million units in the fiscal year ended March 31, 2020. This figure includes some 1.6 million commercial vehicles and kei vehicles sold under the Daihatsu and Hino brands.
Americanization
Outside Japan, North America is positioned as the largest source market for Toyota vehicles. Between April 2019 and March 2020, the assembly of Toyota vehicles in North America came to around 1.8 million units. While Canadian and U.S. plants churned out about 34,000 fewer vehicles than the year before, Toyota has become a large player in Mexico, where the company is the fourth largest automotive employer, trailing only Ford, Honda, and General Motors.
Expansion plans in Asia
Toyota is anticipated to expand production of electric vehicles in its auto plants in China’s production hubs of Guangzhou and Tianjin. Japan’s largest carmaker is currently in a joint venture with FAW and BYD, but is expected to benefit from China’s removal of foreign ownership caps for new energy vehicle manufacturers.
Americanization
Outside Japan, North America is positioned as the largest source market for Toyota vehicles. Between April 2019 and March 2020, the assembly of Toyota vehicles in North America came to around 1.8 million units. While Canadian and U.S. plants churned out about 34,000 fewer vehicles than the year before, Toyota has become a large player in Mexico, where the company is the fourth largest automotive employer, trailing only Ford, Honda, and General Motors.
Expansion plans in Asia
Toyota is anticipated to expand production of electric vehicles in its auto plants in China’s production hubs of Guangzhou and Tianjin. Japan’s largest carmaker is currently in a joint venture with FAW and BYD, but is expected to benefit from China’s removal of foreign ownership caps for new energy vehicle manufacturers.
