"Global Electric Vehicle (EV) manufacturers are scrambling to reduce their reliance on foreign semiconductors, with industry leader BYD at the forefront of the shift. As the demand for EVs continues to soar, the shortage of critical components has become a major bottleneck in the production process. To mitigate this issue, companies like BYD are investing heavily in the development of locally sourced semiconductors, a move that could not only improve supply chain resilience but also reduce costs and enhance competitiveness. By doing so, BYD and other EV makers are taking a crucial step towards achieving true independence in the production of their vehicles."
EV makers such as global leader BYD are rushing to increase use of locally developed semiconductors
