As the upstream industry of the automotive industry, automotive lighting periodically synchronizes with the automotive industry. Affected by the new crown pneumonia epidemic, the production and sales of China’s auto industry fell sharply in the first quarter, and the market began to pick up after entering the second quarter.
According to data released by the China Association of Automobile Manufacturers, in May this year, my country’s automobile production and sales both showed double-digit growth year-on-year. This is also the first time to achieve double-digit growth since the decline and rebound in April this year.
The car sales market is gradually recovering, which to a certain extent also drives the LED car lighting market to rebound. According to the forecast of the LED Research Institute of Advanced Industry Research (GGII), as LED automotive lighting begins to gradually penetrate into mid-range models, China’s LED automotive lighting market is expected to exceed 42.5 billion yuan in 2020.
It is precisely based on the obvious recovery of the automotive lighting market. At present, most manufacturers operating automotive lighting-related businesses have achieved steady growth or turned losses into profits. According to Gaogong LED’s observations, Everlight Electronics, Liqing, Seoul Semiconductor, Jinko Electronics, Hongli Zhihui, and other domestic and foreign companies have publicly expressed their optimism about the automotive lighting market.
According to Ye Yinfu, Chairman of Everlight Electronics, “Automotive LEDs will become a new niche market and act as a driving force for operational growth.” Seoul Semiconductor related personnel also pointed out, “In the future, we will further commit to the research and development of driving lights LED technology. ”
Hongli Zhihui has started to deploy the automotive market and automotive products as early as 2004. For many years, it has always been optimistic about the automotive lighting market prospects and established an automotive lighting division. In September 2019, it also signed a strategic cooperation agreement with European lighting brand TUNGSRAM in Budapest, Hungary, to jointly develop the global automotive lighting market.
In order to realize the vision of building a national brand of domestically-produced automotive LEDs, Hongli Zhihui established an automotive semiconductor technology branch in Guangzhou on July 1, 2020.
According to Liu Xinguo, head of the automotive lighting sector of Hongli Zhihui Group, “The localization trend of auto parts is becoming more and more obvious, and more and more independent brands will emerge. I believe that the automotive semiconductor technology branch has Opportunity to be a leading brand of domestic automotive lighting semiconductors.”