Capacitors are among the essential electronics components that play critical role in the enablement of sophisticated technologies across various sectors. That said, Lelon Electronics Corporation expects to sustain its brisk outlook for 2026 and a possibility of a double-digit growth rate, primarily propelled by the use of artificial intelligence (AI) in various fields and the strength of the automotive sector.

In an interview with AEI, Jimmy Wu, Chief Executive Officer at Lelon Electronics, said, “Automotive electronics remain the main driver, but demand from AI server provides strong growth momentum and is expected to increase its share in the future.”

Surge of AI Segment

Following a sales drop in 2023 brought about by weakened purchasing power, Lelon came back strong in 2024, growing 17 percent year-on-year. The company was expecting to close 2025 with a double-digit year-on-year growth. Moreover, Wu said the company forecasts to sustain the same growth pace for 2026.

Automotive has been the main application growth driver for Lelon, and this segment will continue to herald the company’s growth in 2025 while AI segment will also exhibit positive growth. By 2026, Wu said the company expects products for both the automotive and AI to grow significantly and will be among the primary growth drivers for the year.

“(For 2026), we will maintain double digit (growth rate). Maybe the increase half from automotive, half from the AI market,” said Wu.

“In the next three years, I do not see any market that has the strength of the automotive and AI.”

Whether actual vehicle sales is up or down, production quantity of electronic components for this segment has been traditionally huge because functions keep on advancing. As technologies and solutions related AI keep on growing, such as servers, it is expected this will thrust demand for electronic components, such as capacitors.

Therefore, Wu said AI will definitely change the market demand but the availability of electrical power will somewhat put a cap in AI’s limit.

“The problem is electrical power. If the world has enough electrical power. A lot of country wants to have AI, a lot of companies want to run AI, they may be able to make AI but the problem is we may not have enough electrical power,” said Wu.

Capacity Expansion

Lelon Electronics has been strengthening its capacitor supply capability and flexibility, ensuring delivery reliability. Specifically, Wu said it is expanding its capacity on SMD type capacitors, especially those with high capacitance and high temperature for AI and automotive applications.

Lelon Electronics will formally open in March 2026 its new Thai facility, which is expected to boost the company’s supply chain resilience and meet growing demands. The company has invested 260 million Thailand Baht (about US$8 million) for the said factory located in Amata City in Thailand’s Chunburi.

Lelon expects its business to benefit from the ramp-up of the Thailand factory in driving further revenue and profit growth. It will also complement the output of its Suzhou factory in China, which started operations in 2023.

As for its sales strategy for 2026, Wu said, “Lelon aims to remain competitive by deepening global production deployment and intensifying strategic partnerships.”

In addition, the company will also invest in high-margin niche products and will prioritize ESG and sustainable management to meet international market needs.

12 January 2026