Lite-On To Spend $35M USD Expanding Changhzhou Production



Lite-On Technology Corp (光寶科技) is expanding its production capacity for automotive electronics components at its plants in Mexico, China and Taiwan, and plans to build a new plant in Europe to meet the surging demand for autonomous driving and electric vehicles, company executives said yesterday.

“We forecast the automotive electronics segment will be a major growth catalyst for Lite-On’s operation in the long term. The company will step up investments in research and development, and production capacity,” Lite-On chief marketing officer and general manager of new business development Tony An (安志東) told a media gathering in Taipei.

Lite-On’s automotive electronics products range widely, from automotive LED lighting, heads-up displays, sensors, camera modules, telematics boxes, electronic control units (ECU), to the Qi wireless charging solution, according to Lite-On.


Read more…

Editorial Team

Our Editorial Team curates "news you can use" from hundreds of local newspapers, magazines, blogs and online sources, press releases, radio and TV news shows from around the world. We take great pride in being providing Daily Business Intelligence that's all business and no politics.