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Liteon eyes 20% automotive revenue share with innovative solutions amid market upswing

Global car sales are projected to grow slightly to around 90 million units in 2024, a modest increase that remains significant for supply chain players, according to Liteon Technology president Anson Chiu. He emphasized that there is no need for concern regarding overall market performance, as the company anticipates its revenue share from automotive electronics will surge to 15-20% in the future, driven by rising demand for high-value products.