2018 electric vehicles will promote the development of China's LED automotive lighting market

According to industry sources, the 2018 EVs market in China is expected to boost the penetration of automotive lighting LED.

According to the statistics of China Association of Automobile Manufacturers, in 2017, Chinese automakers produced a total of 24.81 million passenger cars and 4.21 million commercial vehicles, up 1.58% and 13.81% respectively over the same period of last year. In 2017, the sales volume of passenger cars in China was 24.72 million while that of commercial vehicles was 4.16 million units, an increase of 1.40% and 13.95% respectively year-on-year. In contrast, the sales volume of electric vehicles in 2017 was close to 800,000, an increase of over 50% of the same period of last year. It is estimated that the sales volume in 2018 will increase from 1.5 million to 2 million.

As the Chinese government has been pushing the sales of electric vehicles for a long time, a large amount of subsidies have been provided to various manufacturers of electric vehicles. The amount has accounted for nearly 50-60% of the retail price of vehicles. The subsidies include GCL, UOB, Po several companies, including Gree, ZTE and ZTE, heavily rebuked "cross-border repairer" to try to build a completely new car project.

The proportion of electric vehicles equipped with LED car lighting is significantly higher than that of fuel cars. The popularity of electric car LED headlights is expected to soar in 2018.