EOI, Edison see rebounding shipments for LED automotive lighting
Siu Han, Taipei; Adam Hwang, DIGITIMES
Excellence Optoelectronics (EOI) and Edison Opto have seen orders for LED automotive lighting modules rebound in third-quarter 2020 and anticipate booming shipments to stay till November 2020 a minimum of, in keeping with the businesses.
EOI primarily provides lighting modules for carmakers within the US, the corporate stated. Mainly as a result of automotive crops within the US briefly stopped manufacturing in April-May 2020 because of coronavirus pandemic, EOI suffered working lack of NT$20.three million (US$689,000) for the second quarter, the corporate famous, including that these automotive crops have regularly resumed manufacturing since June.
EOI reportedly is a provider of taillight modules for Tesla Model three produced within the US, with the corresponding income proportion for 2020 estimated at 10-13%, and the availability might lengthen to Model Y.
Currently, LED automotive lighting modules account for 88% of EOI’s consolidated revenues, LED streetlamps 7%, and LED packaged gadgets 5%.
EOI has lately prolonged manufacturing to fine-pitch mini LED shows of over 165 inches, with the US to be the goal market. EOI plans to arrange devoted manufacturing strains for such shows in second-half 2021.
Edison noticed common lighting account for 58% of second-quarter 2020 LED module shipments and automotive lighting for 28%.
Due to rebounding shipments to the US, the proportion of revenues for automotive lighting modules is predicted to rise from about 15% in second-quarter 2020 to 15-20% in third-quarter 2020 and to over 20% in fourth-quarter 2020, Edison indicated.
For revenues from automotive lighting modules, the US and China markets will take up 60% and 40% respectively in second-half 2020, Edison stated. Edison plans to compete for orders instantly from China-based carmakers, and expects the China and US markets to every take up 50% of revenues sooner or later.
Edison has reported consolidated reveneus of NT$142.2 million for July, reducing 7.65% sequentially and 17.30% on 12 months, and people of NT$1.123 billion for January-July slipped 20.73% on 12 months.
