LED automotive lighting module maker Laster Tech reports consolidated revenue for July of TWD 502.4 million (USD 16.8 million), up 15.58% from the previous quarter and up 35.72% from the previous year.
As Laster focuses on the Chinese market, growth in July was due to higher shipments to major customers such as HASCO Vision Technology (Shanghai) and Changchun Hella Automotive Lighting, as well as a recovery in new vehicle sales in the Chinese market. industry sources said.
In June 2022, 2.502 million new vehicles were sold in the Chinese market, up 34.4% quarter-on-quarter and 23.8% year-on-year, Luster said. Sales in 2022 are estimated at his 27 million units, including 5.5 million new energy vehicles.
Laster’s consolidated sales from January to July were TWD 3,183 million, up 3.14% year-on-year.
Fellow manufacturer Excellence Optoelectronics reported July consolidated sales of NT$250.5 million, down 36.57% q-o-q and 8.07% y-o-y.
https://www.digitimes.com/news/a20220810PD204/auto-components-china-laster-tech-led.html Laster Tech’s July revenue increased