TAC optical film manufacturer TacBright Optronics held a shareholders’ meeting on the 5th, successfully passing various proposals. TacBright pointed out that in 2024, with the larger sizes of LCD TVs and the gradual ramp-up of polarizer production capacity in China, market demand will slightly increase compared to 2023. Sales volume is expected to rise by more than 5%.
The European Union is expected to announce punitive tariffs on China-made EVs after the European Parliament’s election this week. Many European-branded vehicles and Tesla EVs are manufactured in China. These cars, which will be subject to the higher levy, account for 60% of the EVs that the EU imports.