China's automotive lighting market worth RMB60.45 billion in 2021, jumping by 15.2% year on year

China's automotive lighting market was worth RMB60.45 billion in 2021, jumping by 15.2% year on year. As the pace of automotive lighting intelligence accelerates and the value of intelligent lighting per vehicle rises, researchers predict that China's automotive lighting market will be valued up to RMB80.9 billion in 2024.

In the global auto parts industry, automotive lighting is a highly concentrated segment. Leading manufacturers in Europe, America and Japan dominate the market.

In 2021, two Chinese companies, HASCO Vision (a holding subsidiary of SAIC Group) and Changzhou Xingyu Automotive Lighting Systems edged into the club of leading global automotive lighting manufacturers. HASCO Vision grew out of nothing from 2016 to 2021 (Shanghai Koito Automotive Lamp Co., Ltd., a joint venture established by Shanghai Automotive Lamp Factory under SAIC and Japan's Koito. HASCO bought the shares of the company held by Koito in 2018.