The global shortage of semiconductor chips will last throughout this year and into 2023, the CEO of premium German carmaker Mercedes-Benz said on Wednesday.
“The semiconductor situation is present and will be a challenge for the industry throughout this year and into next year,” Ola Kaellenius said at the Reuters Automotive Europe conference in Munich.
Despite market volatility the carmaker still has a strong order backlog.
“We have not seen any signs yet that demand is going south.”
As the auto industry makes the transition to electric vehicles (EVs), Mercedes-Benz will play a “more active role” throughout its supply chain all the way to where raw materials are mined.
“We don't stop at battery cell factories ... we have to go through the whole value chain here because there so much is in motion.”
He added that it will take a decade to transition the carmaker's engine plants to making only fully electric cars, but he was confident it could be managed in an orderly fashion.
Mercedes CEO sees semiconductor shortage dragging on into 2023
Image: Lennart Preiss/Getty Images
The global shortage of semiconductor chips will last throughout this year and into 2023, the CEO of premium German carmaker Mercedes-Benz said on Wednesday.
“The semiconductor situation is present and will be a challenge for the industry throughout this year and into next year,” Ola Kaellenius said at the Reuters Automotive Europe conference in Munich.
Despite market volatility the carmaker still has a strong order backlog.
“We have not seen any signs yet that demand is going south.”
As the auto industry makes the transition to electric vehicles (EVs), Mercedes-Benz will play a “more active role” throughout its supply chain all the way to where raw materials are mined.
“We don't stop at battery cell factories ... we have to go through the whole value chain here because there so much is in motion.”
He added that it will take a decade to transition the carmaker's engine plants to making only fully electric cars, but he was confident it could be managed in an orderly fashion.
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