PROXIMITY:Lite – On is to build a plant in Europe in 2019 to be closer to its clients and increase the penetration of autonomous driving there, a company official said
Taipei Times
Date: Dec 26, 2017
By: Lauly Li / Staff reporter
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. [FULL STORY]