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“Some brand vendors of LED light bulbs have lowered their prices since early October for the purpose of boosting sales,” said LEDinside analyst Allen Yu. “In November, the price of some products in Europe bounced back. However, in Japan, the market saw obvious price decline due to the vendors’ promotions and release of new products”.
The price were stable in China’s lighting LED package market in November despite of slight decline in LED chip prices. The price decline has brought no noticeable influences to the industry yet. But it is worth noticing that many of China’s lighting LED package suppliers tend to expand their business to the automotive lighting market.
For example, Honglitronic acquired Yishan and cooperated with Epistar, showing its intention to enter the automotive market. Yishan’s existing OE clients include ChangFeng Leopaard, Emgrand, Geely, Zotye, etc.
So Honglitronic will gradually expand its business to the supply chain of China’s domestic car market. Refond Optoelectronics has founded a wholly owned subsidiary, Shanghai Refond automotive lighting unit, to deploy in the market segment of automotive lighting. This is also in line with the future development plan of Refond to integrate its products and resources. In addition, other Chinese LED companies also deploy in the automotive market.
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