Yutong Optics enters the automotive market and faces fierce competition
ASD
Vision Power
Howe Group
LiDAR
Ascend
HUD
layout
invest
lens
press
business
bus
lens
Jiuzhou
Jiuzhou Optics
bus
Optics
market
Vision
develop
price
Vision
2024-12-20 12:13
0
Yutong Optics established Yutong Automotive Vision Company and acquired 20% of Jiuzhou Optics to develop automotive lens, HUD and LiDAR businesses. However, as new and old enterprises completed their investment layout and the automotive optics market competition intensified, Yutong Optics faced the pressure of price cuts.
