MUNICH, Sep 6 (Reuters) – As carmakers gathered in Munich on Monday to launch almost exclusively zero- or low-emissions vehicles, an ongoing semiconductor shortage made it the first major car show before the pandemic began. But cast a long shadow.
Carmakers, forced to close plants last year, now face increasing competition from the consumer electronics industry for chip deliveries. That problem has been exacerbated by a series of supply chain disruptions during the pandemic.
Cars have increasingly become dependent on chips – everything from computer management of engines for improved fuel economy to driver-assistance features such as emergency braking.
During the launch of the two electric vehicles (EVs) on Sunday evening, Ola Kelenius, CEO of premium German car maker Daimler AG (DAIGN.DE), said the company expects its supply to improve in the fourth quarter, fueled by rising demand for chips. That means the industry could struggle to source enough of them in 2023 – although by then the shortage should be less severe. read more
“Many chip suppliers are referring to structural problems with demand,” Kelenius said. “It may affect 2022 and (the situation) may be further relaxed in 2023.”
The IAA Mobility Show in Munich is the first major motor industry event around the world since the global coronavirus pandemic. read more
Despite the ongoing shortage, Daimler board member Britta Seeger said the carmaker does not believe its long-term electric vehicle goals will be affected. read more
Automakers from US conglomerate General Motors (GM.N) to India’s Mahindra (MAHM.NS) and Japan’s Toyota (7203.T) have slashed production and sales forecasts due to chip supplies, which are key The resurgence of COVID-19 in Asian countries has worsened. Semiconductor Production Center.
Just last week, Chinese EV maker Nio Inc (NIO.N) cut its distribution forecast for the third quarter due to uncertain and volatile semiconductor supply. read more
Renault (RENA.PA) CEO Luca di Meio said on Monday that chip shortages were harder than expected during the current third quarter, but said the situation should improve in the fourth quarter.
Major auto supplier Bosch (ROBG.UL) said it expects shortages to ease somewhat in the coming months, but that supplies will be limited until next year.
BMW (BMWG.de) CEO Oliver Gipps said the premium carmaker expects the supply chain to be well maintained through 2022. Read more
“I expect the general tightness of supply chains to continue over the next 6 to 12 months,” he said.
Additional reporting by Ilona Wiesenbach, Christina Amann and Gilles Guillaume; Editing by Jason Neely
Our Standards: Thomson Reuters Trust Principles.