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Taiwanese automotive LED module supplier Laster Tech announced its over 50% rising revenue of September

Automotive LED market penetration rate remained still high in recent years, the gradual rising market of new cars in China boosts the car led sales to major customers. In past July, the new car models sold very well in Chinese market, which booses the bigger market requirements for LED taillight modules.
automotive LED module provided by Taiwanese manufacturer Laster Tech
Taiwanese automotive LED module manufacturer Laster Tech benefited from strong market requirement for automotive LED modules. Branded auto makers begun to make more orders fot stockpoling inventory after the traditional slow business season in summer. Laster Tech announced its September revenue grew month-on-month and year-on-year despite the appreciation of the NTD exchange rate.Its September revenue was NTD 454 million, up 24.19% MoM and 50.84% YoY. The total revenue in the third quarter was NTD 1.246 billion, up 25.34% YoY.

In the fourth quarter of this year, Laster Tech expectes the continued revenue growth facing the bigger automotive LED lights market in China. The new large order of LED headlight controllers from Guanyin Taoyuan will be put into production at the end of this year to demonstrate the strong production capacity of Laster Tech in mainland China.

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