Wellmax

Month: April 2021

China's exports.

China’s Soaring Exports Show Strong Demand a Year After Lockdown

China’s exports surged in the first two months of the year, reflecting strong global demand for manufactured goods and with figures partly skewed by the low base in 2020 when the economy was in lockdown. Exports jumped 60.6% in dollar terms in the January-February period from a year earlier, data from the General Administration of …

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High and New Tech Enterprise

WELLMAX is Awarded with Shanghai’s ‘High & New Technology Enterprise’ Again

Recently, WELLMAX is awarded the honor of ‘High and New Tech Enterprise (HNTE)’ again after the joint evaluation of Shanghai Municipal Science and Technology Commission, Shanghai Municipal Finance Bureau, and Shanghai Taxation Bureau. This certification is a recognition of WELLMAX innovation capability, core intellectual property rights and enterprise competitiveness in the industry. Innovation is inexhaustible …

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LED supply chain

Chinese LED Suppliers Work at Full Production Capacity after CNY

LED supply chain in China has gradually restarted from the Chinese New Year holiday. WELLMAX team also resumed work last week and are doing our best to process your order. According to TrendForce’s latest investigations, the explosive growth in orders in 4Q20 caused tight production capacities in the LED industry after the holiday. This has …

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5-10% Price Hike for LED Chips

Shortage Caused by Explosive Growth in Mini LED Demand to Result in 5-10% Price Hike for LED Chips

While major OEMs such as Apple and Samsung prepare to release their new notebook computers, tablets, and TVs that are fully equipped with Mini LED backlights this year, various companies in the LED supply chain began procuring Mini LED chips ahead of time in 4Q20, leading to an explosive demand growth for these chips, which …

Shortage Caused by Explosive Growth in Mini LED Demand to Result in 5-10% Price Hike for LED Chips Read More »

2021 Global LED Lighting Market

TrendForce: 2021 Global LED Lighting Market Outlook

According to the latest TrendForce’s report ‘2021 Global LED Lighting Market Outlook: Light LED and LED Lighting Market Trend (1H21)’, the global LED lighting market is more optimistic than previous estimates, it is estimated with an opportunity to grow 5.1% in 2021. In the short term, due to the rapid spread of COVID-19 around the …

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new Erp Regulation

Partnership with EU Notified Bodies, WELLMAX Lab Upgraded for New ErP Regulation

Last week, the third party authorities DEKRA and TÜV SÜD, sent their engineers to our office to give us detailed technical guidance on the new Erp Regulation (EU) 2019/2020 and Energy Efficiency Labelling Regulation (EU) 2019/2015 which will be enforced on September 1st, 2021. According to the authorities’ advice and the changes from new regulations …

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