Luxshare gears up for bigger share of auto parts market

Eyeing the huge market potential brought by the rapid growth of intelligent connected vehicles, a major Chinese electronics manufacturer is accelerating its expansion in the global automotive components sector to get ahead of the curve.

"We are fully committed to seizing the high ground in new energy vehicle intelligence and keeping pace with industry developments and emerging industry trends to maintain steady growth in the global automotive market," said Wang Laichun, a member of the 14th National Committee of the Chinese People's Political Consultative Conference and chairwoman and founder of electronics manufacturer Luxshare Precision Industry Co Ltd.

Luxshare's long-term goal is to become a global top-tier automotive component supplier within the next five years, Wang said, adding that the company's foray into the automotive sector for over a decade has seen cheerful results.