LEDinside 2018 Chinese Automotive Lighting Market Trend - Energy Watch News

LEDinside 2018 Chinese Automotive Lighting Market Trend

Chinese conventional passenger car shipment volume in 2017 has reached 23.8 million units, and is expected to reach 25.5 million units in 2018. The consumption of passenger vehicles in China has grown rapidly, and the penetration of LED in Chinese automotive market has also been significantly increased, which has led to the rapid development of the automotive lighting industry. The quantities of conventional passenger cars are huge, and its LED market value in 2022 is estimated to reach US$1.9 Billion, with a CAGR (2017-2022) up to 54%. https://www.ledinside.com/intelligence/2018/5/2018_chinese_automotive_lighting_market_trend

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