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

Chinese smart vehicle makers have been hit by another setback as a global components shortage collides with surging prices of raw materials, driven by the artificial intelligence boom. It would take at least a year for the global supply chain to ramp up production of printed circuit boards (PCBs) and multilayer ceramic capacitors (MLCCs) – two key parts that make vehicles intelligent – to meet rising demand, according to industry officials and analysts. “The components, though small, play a…