Luzhou Laojiao joins forces with Hongli Zhihui to empower LED brands

As a leading company in the field of LED packaging and application, Hongli Zhihui's revenue in 2023 will reach 3.217 billion yuan, and it has significant advantages in the fields of Mini LED and automotive LED. The company has modern production bases in Guangdong, Chongqing and other places, and its products are exported to more than 40 countries and regions such as Europe, the United States, Japan and South Korea, and its market share ranks at the forefront of the industry.

This cooperation is an important opportunity for both parties. Luzhou Laojiao’s strong brand influence and channel resources will help Hongli Zhihui develop a broader market space. Data shows that the scale of China's LED industry has exceeded one trillion yuan and is expected to reach 1.5 trillion yuan in 2025. In application fields such as new displays and automotive electronics, LED technology innovation will usher in a new round of development opportunities.

Industrial collaborative development is becoming an important path for enterprises to become bigger and stronger. Luzhou Laojiao stated that it will provide all-round support in terms of market development and resource docking.Hongli Zhihui shows confidence in the development prospects of the led industry. According to the led industry research data, the penetration rate of Mini led in the field of smart terminal display is expected to exceed 15% in the next three years, with a compound annual growth rate of more than 40%.

Deep industrial collaboration will bring new development momentum to both sides. Hongli Zhihui can use the brand advantages and channel resources of Luzhou Laojiao to accelerate the market layout; Luzhou Laojiao can gain in-depth understanding of the development trend of emerging science and technology industries through strategic cooperation, and accumulate experience for future industrial upgrading.

Strengthening collaboration between upstream and downstream enterprises in the industrial chain is conducive to improving overall competitiveness. The led industry is entering a new round of rapid development. The market opportunities brought by new technologies such as Mini led and Micro led require close cooperation between all links in the industry chain. The strategic cooperation between Luzhou Laojiao and Hongli Zhihui will inject new vitality into the development of the led industry.

From the perspective of industrial development trends, the integration and innovation of traditional industries and emerging science and technology fields will continue to deepen. Traditional enterprises with brand and capital advantages are laying out emerging industries in a variety of ways. This cross-border cooperation model can stimulate innovation vitality, complement each other's strengths, and promote industrial upgrading.

Luzhou Laojiao's move also reflects new ideas for the transformation and upgrading of traditional enterprises.Road. In the era of digital economy, enterprise development cannot stick to a single field, but should focus on industrial innovation and find new growth points. Through strategic investment, industrial synergy and other means, a more competitive industrial ecology can be built.

Looking ahead, with the accelerated pace of led technology innovation, new display, intelligent lighting and other application scenarios will continue to expand. The in-depth cooperation between Luzhou Laojiao and Hongli Zhihui is expected to form a benign interaction in terms of technological innovation and market development, and contribute new momentum to the high-quality development of the led industry.

This cross-border cooperation model deserves industry attention. It enlightens us that enterprise development should be good at identifying opportunities, breaking through traditional boundaries, and unleashing development potential through industrial synergy. I believe that with the deepening of cooperation, the two sides will achieve greater breakthroughs in their respective fields and jointly create a new situation for development.