Components crunch: China’s carmakers face rising costs to keep intelligence edge

Chinese smart vehicle makers are facing increased costs due to a global shortage of essential electronic components and rising raw material prices. This situation is exacerbated by the demand surge from the artificial intelligence boom. Industry officials and analysts estimate it will take at least a year for the global supply chain to increase production of printed circuit boards (PCBs) and multilayer ceramic capacitors (MLCCs) to meet the growing demand. These components are crucial for making vehicles more autonomous and intelligent. The article, published on Wednesday, highlights the significant impact of these small but vital parts on the automotive industry's advancements.