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Euronews
Euronews
Quirino Mealha

Europe’s carmakers face growing competition from AI for vital supplies

Europe's carmakers rely on a narrow group of countries, suppliers and processing hubs for the chips, magnets and metals their vehicles need, and that dependence is the biggest supply-chain risk facing automotive manufacturing in the bloc, a new study found.

The analysis, carried out by the Czech and German arms of consultancy EY at the request of the European Automobile Manufacturers' Association (ACEA) and published on Tuesday, scored ten critical materials and components against six factors that could constrain supply.

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