Snow Wright (002076) announced on the afternoon of May 8th that in order to give full play to their respective advantages in manufacturing, regional marketing and brand building, through the complementary advantages, the scale sales of automotive LED lighting and auto parts products will be realized. The company has established a joint venture with natural persons Liu Mingming, Cheng Xiuwei and Shao Hui to establish Foshan Xuelaite Automotive Electronics Sales & Service Co., Ltd. The registered capital of the new company is 5 million yuan, of which the company's subscribed amount is 2 million yuan.
The company said that the joint venture is mainly responsible for selling automotive lighting and auto parts products in China. The establishment of the joint venture company is conducive to the company to expand the automotive lighting products market, broaden the sales channels of related products, increase the market share of products, and improve the overall performance and profitability of the company.
The company said that the joint venture is mainly responsible for selling automotive lighting and auto parts products in China. The establishment of the joint venture company is conducive to the company to expand the automotive lighting products market, broaden the sales channels of related products, increase the market share of products, and improve the overall performance and profitability of the company.
With the continuous maturity of LED lighting technology, the automotive industry has been using LED light sources for instrument panels and interior lighting, and LED lighting is gradually capturing brake lights, fog lights, low beam lights, high beam lights, and daytime running lights. Application fields such as adaptive headlights (AFS) for exterior signal indication and headlight illumination.The challenge for LEDs to be used in exterior lighting is the need for integrated, flexible and networked drives.
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