Auto & Transportation

A few days ago, Daimler CEO Kang Linsong said at a round table meeting before the Munich International Auto Show that due to the soaring demand for chips in the automotive industry, the global automotive chip shortage may continue until 2023, but the severity will gradually ease.

Mercedes-Benz, BMW and Volkswagen warn of chip shortages or continue until 2023

The chairman of BMW Group Ziptzer also predicts that the supply of automotive chips will remain relatively tight in the next 6 to 12 months. But he also believes that in the long run, the supply of automotive chips will certainly be eased, because the automotive industry is very attractive to chip manufacturers.

Murat Aksel, purchasing director of Volkswagen, also said that in the third quarter, the supply of automotive chips was still very tight. He also said that global chip production needs to increase by at least 10% to meet the needs of the automotive industry.

Renault CEO Luca De Mayo also said on Monday that at present, the global automotive chip shortage in the third quarter is more serious than expected, but it should get better in the next quarter. He also reiterated that the shortage of chips caused Renault to cut production of about 200,000 cars in 2021.

The global automotive chip shortage is mainly due to the impact of the epidemic. During the epidemic, many automakers were forced to suspend production. Correspondingly, the rapid expansion of the consumer electronics industry has increased the demand for chips. As a result, chip manufacturers have gradually turned to the consumer electronics market. However, after the epidemic has eased, the automotive market has recovered more than expected, and today's cars are highly dependent on chips, which together led to the outbreak of global automotive chip shortages.

Affected by this, Daimler has also recently lowered its 2021 sales target, and it is expected that the delivery volume will be the same as 2020, rather than rising sharply.