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LED lights will reach 56.6 billion, and LED industry chain has been built

Innotech Innolite 2018-04-20 11:47:16
Under the catalysis of the intelligent upgrade of traditional car lights(LED Panel lights Dimmable), the growth rate of the LED car light market will be higher than the overall growth rate of the automotive industry. In 2016, the overall assembly rate of domestic LED lights will be approximately 16%, and this proportion will increase to approximately 60% in 2020. Thanks to the continuous improvement in the penetration rate of LED lights, the domestic market size of car lights is expected to reach 56.6 billion yuan by 2020. The compound growth rate for the next four years will reach 60%.

As we all know, LED automotive lighting industry chain mainly covers four links: LED chip, car-level LED package, LED lamp module, automotive LED integral lighting.

As a leading white LED packaging company in China, Hongli Zhihui has successively acquired and obtained signals from Fuda and Yiliang headlights to enter the field of headlights. In 2017, the company acquired Yi Shan lights (focusing on passenger car lights), plus its subsidiary Foda Lighting (focusing on commercial vehicle lights and LED lamp modules), the company has formed a "car gauge LED package + LED car Lamp module + car LED lamp" layout.
At the same time, in order to solve the problem of the intellectual property rights of the LED chips of the company's mass-produced automotive-grade LED products(antique LED bulbs energy saving), and to reduce the cost of vehicle-level LED products, Hongli Zhihui has signed a contract with Jingyuan Optoelectronics on October 27, 2017. Strategic cooperation agreement". Through the vehicle-level chip supply agreement reached with Jingdian, Hongli Zhihui LED lights have been built in a complete industrial chain.

Hongli Zhihui, the deputy director of Deng Shoutie, said that Hongli Zhihui has locked the supply of LED chips, completed the development and testing of car-level LED packaging products, and sent samples to OEMs and LED lamp module manufacturers. According to reports, the Hongli Zhihui LED lamp module has begun to supply in volume, and now has begun to provide supporting services for Jiali shares, Spring Breeze, Qianjiang Motorcycle, Magna and others.

With regard to automotive LED integral lamps and lanterns, Hongli Zhihui has scaled up its production, 100% of which are LED light sources. The main products include LED headlights/drive lights, LED warning lights, LED signal lights, and LED work lights. And LED interior lights. Among them, more than 90% are sold abroad, and the brands serving are mainly Hella, Bosch, JAC School Bus, Navistar, etc.

Deng Shouting also pointed out that at present, Hongli Zhihui's passenger car integral lamps and lanterns are about 35% of LED light sources, and the proportion of LED light sources will increase to 85% in the next three to five years. The main products include front combination lamps, rear combination lamps, and Decorative lights and so on, with the ability to synchronize the development of the host plant, synchronous design capabilities, now supporting the quality of the main customers are Geely Group, Great Wall Motor, Changfeng Cheetah, Korea MOBIS, SAIC Iveco (Hongyan), SAIC Iveco (Nanqi), Chang'an Automobile, China FAW, Beijing Automotive Group, etc.

In addition, Yi Shan lights are also vigorously developing new customers, such as: Guangzhou Automobile Group, Dongfeng Xiaokang, Liuzhou Wuling, SAIC Roewe and other brands of car prices.

It is worth mentioning that on February 9 this year, Hongli Zhihui signed a strategic cooperation agreement with Harmony Capital Investment Management (Beijing) Co., Ltd., Zhangjiagang Economic and Technological Development Zone Management Committee and Zhangjiagang City Yuefeng Jinchuang Investment Co., Ltd. 》

“Hongli Zhihui and Harmony Hao Investment, Zhangjiagang Management Committee, and Yuefeng Jinchuang have signed a strategic cooperation agreement that is based on the LED lamp industry to carry out projects and capital-level cooperation in an all-round way, integrate and utilize their respective resource advantages, and promote LED headlights. Product upgrades to achieve mutual benefit and win-win situation.” Deng Shoutie said.

In view of the rapid development of the LED lamp industry, LED light sources(LED bulbs With constant IC driver) are expected to replace halogen lamps in the next five years to become mainstream. Deng Shoutie frankly stated, “After the signing of this strategic cooperation agreement, Harmony Hao Investment will purchase shares of the company according to market conditions, and increase its shareholding ratio by no less than 10% of the company’s total share capital. At the same time, it seeks acquisition targets at home and abroad to help the company accelerate The pace of automotive lighting business such as car-level LED package, LED lamp module, LED auto lamps, etc. The Zhangjiagang Management Committee provides industrial support policies to support the company's LED auto lighting expansion projects or asset restructuring projects settled in the management committee. Within the jurisdiction of the park, provide relevant industry supporting measures to promote industrial development."

Of course, after the smooth implementation of this agreement, investors who can hold more than 5% of the shares can be introduced to optimize the company's ownership structure. At the same time, through the combination of endogenous growth and extension, the Company will accelerate the pace of development of the company's automotive lighting business, further increase market share, enhance the company's competitive advantage, and further strengthen the company's sustainable development capabilities and core competitiveness.