[High-tech LED News] A report pointed out that optimistic about the Chinese mainland LED lighting market will rapidly expand, Funai Electric plans to join hands with mainland-listed Taiwan-based company Smick to enter the mainland LED lighting market.
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The report pointed out that Funai Electric is expected to reach a consensus with Smick in the near future, and will establish two joint ventures responsible for manufacturing and sales, among which the manufacturing company will be owned by Funai Electric and the sales company will be held by a subsidiary of Smick. Funai Electric said that it will look at the demand for LED lighting in the future.
It is understood that the joint venture manufacturing company set up by the two parties will set up LED lighting production equipment in the idle factory of the factory in Guangzhou, which produces products such as printers, and is expected to start production in April 2012. The products are mainly commercial LED lighting. Mainly, and in addition to the mainland market, Funai Motor also plans to enter the US and Japan markets. 