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Monday, January 18, 2010

Toyota Targeting Production of 1Million Hybrids In 2011

Toyota plans to double its global production of hybrid vehicles from the 2009 level to 1 million units in 2011 according to The Nikkei.

The automaker recently notified parts suppliers that it intends to roll out about 800,000 hybrids domestically in 2010, with the figure to be raised to around 900,000 in 2011 and roughly 1.1 million in 2012.

Given that Toyota now produces about 90% of its hybrids at home, global output of such vehicles is expected to surpass 1 million in 2011 when those assembled in China, the US and elsewhere are included.

Toyota currently sells more than 10 hybrids, including dedicated models such as the Prius, Sai and Lexus HS 250h. Toyota plans to boost production of these existing vehicles in addition to launching new hybrid minivans, subcompacts and luxury cars, according to the report. Toyota currently assembles hybrids at six domestic factories and four overseas sites.

Toyota’s plans call for domestic output of 550,000 Priuses in 2011, up roughly 40% from the projection for 2009, according to the Nikkei.

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