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

South China Morning Post - Business ·
Components crunch: China’s carmakers face rising costs to keep intelligence edge

Smart vehicle makers scramble for key parts PCBs and MLCCs as AI demand soaks up supply, leaving margins under siege

“The components, though small, play a key role in the automotive industry’s effort to make millions of cars more autonomous and smarter,” Chen Jinzhu, CEO of the consultancy Shanghai Mingliang Auto Service, told the South China Morning Post on Wednesday.

Industry officials said the global auto sector was facing a 20 to 30 per cent shortage of components, with prices more than tripling over the past year.

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