Sifang Optoelectronics' automotive sensor business grows

The in-vehicle sensor business is becoming the second growth curve of Sifang Optoelectronics. In 2023, the company has obtained a total of 1.41 billion yuan in in-vehicle project orders, covering new energy OEMs in Europe, South Korea and China, and is expected to enter a concentrated delivery period in 2024-2025. In order to meet production capacity needs, its Jiashan Industrial Park has started mass production of in-vehicle sensors, and the Hungarian factory is also scheduled to be put into production in the fourth quarter of 2024 to support localized supply in the European market.