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Investing.com -- OPMobility has enough stock of Nexperia chips for the coming weeks and doesn’t expect major disruptions for the auto industry, according to CEO Laurent Favre.
Speaking on a call with reporters about the company’s earnings, Favre noted that the French auto parts maker uses Nexperia chips in some lighting products but added that they "don’t have a technology that’s unique in the market, which means they can be substituted relatively easily."
The CEO revealed that the recent Jaguar Land Rover production halt due to a cyberattack cost OPMobility between €30 million and €40 million in lost sales in September. While production resumed in October, it has not yet reached full capacity, and normal rhythm likely won’t be achieved in November. Despite these challenges, Favre described talks with JLR as "very constructive," noting that the automaker wants to make up for lost output in coming quarters.
Favre mentioned that the impact on sales from temporary production halts at some Stellantis plants in Europe was "much lower" compared to the JLR situation.
Regarding market conditions, the CEO stated that the US market is "structurally less at risk" than the French one, pointing out that new technology gets adopted more quickly in the US, particularly in autonomous driving.
OPMobility plans to continue expanding its manufacturing footprint in India, building new plants for clients such as Tata Motors and Mahindra & Mahindra.
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