Autonomous Vehicle News
Stellantis NV expects semiconductor shortages to re-emerge on growing demand for electric vehicles at a time of increased geopolitical risk, making the current respite short-lived. The risk of a return of severely stretched chip supply “will increase dramatically” in coming years as vehicle software functions balloon, according to Joachim Kahmann, who oversees semiconductor purchases for the Jeep maker. The industry is also still subject to heightened geopolitical risk after China said it would restrict exports of two metals used in the semiconductor and EV industries. Stellantis expects to spend 10 billion euros ($11.2 billion) through 2030 to secure various kinds of semiconductors. Stellantis is among major carmakers transitioning to electric vehicles, which tend to use more chips than cars running on gasoline or diesel.