Tesla has reportedly also halted most production at its Shanghai plant due to problems sourcing parts.
Toyota says it will suspend operations at more production lines at its factories in Japan this month due to the coronavirus lockdown in Shanghai.
Meanwhile, Tesla has reportedly halted most production at its Shanghai plant due to problems with sourcing parts.Toyota said in a statement"However, as a result of the lockdown in Shanghai, China, we have decided to additionally suspend operations of 14 lines at 8 plants in Japan from May 16 to May 21 ," it added.The company previously said it planned to produce around 750,000 vehicles globally this month but said it had now cut that forecast by about 50,000 due to the lockdown.
The company's shares were around 4.5% lower in Wednesday afternoon trade on the Tokyo Stock Exchange. 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.
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