Franz Fehrenbach, chairman of the Bosch Group's supervisory board, told the media that the European automotive industry is too dependent on other regions such as Asia in key components such as chips and batteries.
European automakers are eager to regain control of core components back into their own hands, such as Volkswagen,which plans to build six large battery factories in Europe with partners by 2030. In terms of chips, the Eu has also launched relevant subsidy programs to attract chip manufacturers to Europe.
Franz Fehrenbach, chairman of the Supervisory Board of the Bosch Group, who will step down on January 1, 2022, told the media that the European automotive industry is too dependent on other regions such as Asia in the field of key components such as chips and batteries.
Courtesy of the enterprise
At present, electric vehicles and self-driving cars undoubtedly represent the future of the development of the automotive industry, chips and batteries are its core components, and Europe has to rely on Asian suppliers because of the slow development of capacity construction in these areas. In this regard, Feronbach said, "The European automotive industry urgently needs to change the direction of development. ”
He also said, "This has to do with the European automotive industry's cost optimization choices in the supply chain, but now Europe is also aware of the problem of over-dependence on core components such as batteries." ”
As a result, European automakers are eager to regain control of core components, such as Volkswagen, which plans to build six large battery factories in Europe with partners by 2030.
In terms of chips, the Eu has also launched relevant subsidy programs to attract chip manufacturers to Europe. Focusing on Bosch, it made its biggest ever investment this year – spending 1 billion euros to build a chip factory in Germany, which will be used in the latest electric and self-driving cars. (Compiled by Guo Yue, China Economic Network)
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