Taiwanese automotive LED module manufacturer Laster Tech will be listed on the local bourse in mid-December 2016, reported Now News.
Laster Tech invested in R&D for many years, and accumulated years of experience in implementation, integrated optics, mechanics, thermal dissipation and electronics. The company is active in the Chinese market with many financial institutes projecting Laster Tech’s revenue will grow 30% annually to set new historical heights.
Fourth quarter is traditionally the peak season for the automotive industry, additionally, the Chinese government halved tax for cars 1,600 cc and below till late 2016, Laster Tech wrote in a statement. The company projected these policies would stimulate sales of smaller Chinese car models with lower retail prices, which will generate stellar revenue for the company’s in the later half of 2016.
Laster Tech started off as a LED chip distributor, and its business covers LED headlights, DRL, taillights, direction lights and automotive modules. The company’s clients in the LED headlight module market sector are mostly ODMs, including Great Wall Motors, Shanghai Koito Automotive Lamp, Guangzhou Koito Automotive Lamp, BYD Auto, and others. Laster Tech supplies more than 95% of Great Wall Motors automotive lights.
