Mercedes-Benz Seems Semiconductor Shortage Continues Through 2023, Company News

Mercedes-Benz Seems Semiconductor Shortage Continues Through 2023, Company News


Mercedes-Benz Seems Semiconductor Shortage Continues Through 2023

Mercedes-Benz Seems Semiconductor Shortage Continues Until 2023 | Photo Credit: Istock

MUNICH, Jun 29 (Reuters) – The global shortage of semiconductors is expected to continue until 2023, Mercedes-Benz CEO Ola Kaellenius said Wednesday.

“The state of semiconductor is very complex and will be a challenge for the industry throughout this year and next,” Ola Kaellenius said at a Reuters Automotive Europe conference in Munich.

Despite the market downturn, the paid automated manufacturing company says it still has a strong import book, adding that demand does not appear to be deteriorating at the moment.

Ola Kaellenius added that as the transition to electric vehicles (EVs) progresses, Mercedes-Benz will take on a “bigger role” in its supply, returning to the stage of extraction of used raw materials.

“We don’t end up in the battery cell industry (…) we have to manage the whole chain because there are so many things running,” he said.

It will take a decade for a car manufacturer to change its engine industries for all electric production, added Ola Kaellenius, who is still confident that the transition will be addressed systematically. (Reported by Ilona Wissenbach; by Nick Carey; French edition of Dina Kartit, edited by Kate Entringer)