Toyota Motor (TYO:7203) plans to diversify its regional vehicle supply network by importing Noah and Voxy minivans manufactured in Taiwan starting in October, following the launch of a dedicated assembly line there that same month, Nikkei Asia reported on Thursday.
Persistent labour shortages and production capacity limitations have hindered the company's efforts to boost output, with lengthy delivery wait times becoming increasingly common across its Japanese operations, the news daily said.
While Toyota intends to sustain domestic production at over 3 million units per year to safeguard the country's industrial foundation and workforce, it faces escalating investment demands driven by surging labor and material expenses, the publication said.
The report states that, in response, the automaker is seeking foreign supply chains as a way to mitigate risk.
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