Maturing technology and energy efficiency demands are driving growth of automotive LED lighting penetration rate. Automotive manufacturers are increasingly more willing to use LED automotive lighting, and demand has been especially strong for LED use in daytime running lights (DRL). Chinese automotive manufacturer Great Wall Motors plans to incorporate LED DRL into all passenger vehicles in 2014, which could drive revenue performance for LED automotive lighting module distributor Laster Tech.

EU regulations have added fuel to the fire for LED DRL, making it the fastest growing portion of LED automotive lighting. DRLs offer higher safety for drivers, and the design will benefit brand recognition. Automotive manufacturers have therefore been quickening the pace of introducing LED DRLs. Chinese brand Great Wall Motors showed good sales performance in 2013 and plans for all passenger vehicles to come equipped with LED DRLs in 2014.

Taiwanese LED automotive lighting module manufacturer Laster Tech has already become part of the LED automotive lighting supply chain for Great Wall Motors. The company also continues to maintain a close cooperative relationship with automotive lighting manufacturer Shanghai Koito and Guangzhou Koito. With Great Wall Motors introducing LED DRL in 2014, Laster Tech's DRL shipment proportion is estimated to increase. DRL made up around 20 percent of all LED automotive lighting shipments in 2013, and this number is anticipated to increase to 40 percent.

Laster Tech is optimistic about LED automotive lighting in 2014, which makes up 80 percent of the company’s revenue. It is estimated that stable growth of clients from various countries will drive overall revenue performance. According to estimations by legal persons, Lester Tech will benefit from clients entering into LED automotive lighting and revenue growth in 2014 is hoped to increase to 40 percent.