Oliver Zipse, BMW's chief executive, said on Monday that supply chain tensions were expected to continue into 2022, dashing hopes that a critical shortage of key semiconductors would end soon.

"I expect the general tension in the supply chain to continue over the next six to 12 months," he said at the IAA auto show in Munich.

Zipse, like other auto industry executives, is struggling with a drop in production caused by a shortage of semiconductors. But he said he saw no problem in the long run, adding that the auto industry was a very attractive customer for chipmakers.