On May 16, Yageo’s chairman, Pierre Chen, mentioned in a media interview that Yageo will continue to expand the proportion of niche-type vehicle production capacity due to many uncertainties in the global economy and industry.
Observing the global economy and industry, Pierre Chen pointed out that there are still many uncertainties in the global economy and industry, including international trade disputes, foreign exchange rate fluctuations, international environmental protection regulations, weak demand for electronic supply chains, price competition for passive components, etc. .
Pierre Chen said that Yageo will continue to expand the proportion of niche-type vehicle production capacity, optimize product and end customer portfolio, upgrade production and environmental protection equipment, and comply with environmental regulations to continuously expand the company’s operating scale.
Looking forward to this year’s development strategy, Pierre Chen said that Yageo will focus on high-priced and high-margin niche products, and expand the proportion of products such as automotive electronics, 5G, automation equipment, power applications, cloud Internet of Things and data centers.