Hongli Newell and crystal electric chip purchase agreement signed 500 million yuan

Hongli Newell 27 evening announcement said the company and Jingyuan Au Optronics Co signed a "strategic cooperation agreement, both sides agreed that from November 2017 to October 2021, the company or the company's subsidiaries to purchase EPISTAR car regulatory level LED chip, a total amount of about 500 million yuan.

Announcements, Hongli Newell and EPISTAR fully layout in the field of automotive lighting products have LED, LED and automotive lighting as one of the key development direction of the future, the two sides formed a strategic partnership by EPISTAR provide car regulatory level LED chip is protected by the intellectual property rights, company package into car regulatory level LED, cooperate with each other the car, to jointly promote the regulatory level LED product development, certification, and strive to enhance their market competitiveness.

The company said, to establish a strategic partnership with EPISTAR, solves the problem of large batch production company car regulatory level LED products LED chip intellectual property, there are large quantities of stable supply to the company's car regulatory level LED chip, reduce the cost of the product LED car regulatory level; conducive to the company better and faster access to LED chip LED car regulatory level in the process of product development, technical service and other support; in favor of the company by EPISTAR in LED automotive lighting applications in the field of resources, achieve faster company in the field of LED automotive lighting layout.

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