Appotronics and Valeo announce strategic partnership for next-generation front lighting system

Valeo and Appotronics will collaborate to create new front lighting systems that utilize innovative laser video projection technology.

These innovative solutions will enhance adaptive lighting (ADB) functionalities in vehicles, significantly improving road safety and address drivers' increasing demands for more comfortable lighting options and entertainment features.

SHANGHAI, April 23, 2025 /PRNewswire/ -- Valeo, a world leader in automotive lighting systems and software, together with Appotronics (688007.SH), inventor of ALPD® laser display technology have announced a strategic partnership to offer a new generation of automotive front lighting solutions integrating exclusive Appotronics' ALL-in-ONE full-color laser headlight system.

Valeo will bring its unique expertise in lighting systems design and electronic control units design, along with unrivaled software capabilities, to integrate Appotronics recognized knowledge in projection systems design based on laser display technologies into new generation front lighting solutions.

Maurizio Martinelli, CEO of Valeo Light Division, stated: "This partnership strengthens Valeo's global leadership in next-generation lighting, combining safety, adaptability, and an enhanced driving experience. Leveraging our combined expertise in automotive lighting hardware and software, this new partnership reinforces existing technology alliances and reflects a shared ambition to redefine smart automotive lighting."

Yu Xin, Vice President of Appotronics, said: "The Appotronics-Valeo partnership represents a transformative step in smart automotive lighting, combining our complementary strengths to advance next-generation illumination solutions. Together, we're accelerating innovations that prioritize safety, intelligent adaptability, and personalized driving experiences for the global market."

A smart lighting system for safer and more immersive driving

By combining their expertise, Valeo and Appotronics will offer headlight solutions that provide advanced lighting functions (ADB) to complement traditional lighting functions (LH/HB), thereby improving safety and comfort for drivers and other road users.

Valeo will leverage its integration and software capabilities to integrate Appotronics state of the art ALPD® laser display technology. The front lighting system will offer high-definition information projection onto the ground, as well as outdoor movie projection capabilities—enabling video playback on flat surfaces or dedicated screens outside the vehicle.

ALL-in-ONE: A breakthrough in smart automotive lighting

The ALL-in-ONE system integrates several advanced functions in one compact module: Adaptive Driving Beam (ADB), road surface projection, and in-car cinema capabilities. Its smart system automatically optimizes lighting for different driving scenarios—extending illumination range with high beams on highways, and preventing glare with glare-free beams in urban areas. In addition, the headlight also offers 10-level brightness adjustment, complete with auto-focus, keystone correction, and image scaling capabilities.

The ALL-in-ONE headlight is powered by Appotronics' proprietary ALPD® semiconductor laser technology, which delivers 10 times the brightness of standard automotive LEDs with 200% greater luminous flux using equivalent DLP chips - all while consuming less energy.

About Valeo

Valeo is a technology company and partner to all automakers and new mobility players worldwide. Valeo innovates to make mobility safer, smarter and more sustainable. Valeo enjoys technological and industrial leadership in electrification, driving assistance systems, reinvention of the interior experience and lighting everywhere. These four areas, vital to the transformation of mobility, are the Group's growth drivers.

Valeo in figures:  21.5 billion euros in sales in 2024 | 106,100 employees, 28 countries, 155 plants, 64 research and development centers and 19 distribution platforms at February 28, 2025. Valeo is listed on the Paris Stock Exchange

Learn more at www.valeo.com 

Media Contact

Dora Khosrof | +33 7 61 52 82 75
Caroline De Gezelle | + 33 7 62 44 17 85
Jérôme Abribat | + 33 7 64 86 58 20
press-contact.mailbox@valeo.com

Investor Relations
+33 1 40 55 37 93
valeo.corporateaccess.mailbox@valeo.com

About Appotronics

Appotronics is the inventor of the ALPD® laser display technology and one of the first companies to list on the Shanghai Stock Exchange STAR Market. From optics for cinemas, vehicles and home, to AR glasses, Appotronics' cutting-edge products are designed to meet the evolving needs of consumers and businesses worldwide. Learn more at https://www.appotronics.com/

Media Contact

Song Jingli | +86 186 1017 6043
songjingli@highseador.com

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Appotronics and Valeo announce strategic partnership for next-generation front lighting system

Appotronics and Valeo announce strategic partnership for next-generation front lighting system

Appotronics and Valeo announce strategic partnership for next-generation front lighting system

SHANGHAI, Jan. 8, 2026 /PRNewswire/ -- On January 8, 2026, CHAGEE released its 2025 Year-End Tea Friends Review. The Review outlines the company's growth over the past year, with its store network now operating in eight countries across two continents. Annual tea sourcing volume surpassed 10,000 tons, covering six major tea categories as well as key Pu'er-producing regions, supported by partnerships with more than 100 tea factories.

Global Footprint Reaches Eight Countries; Asia-Pacific Overseas Membership Climbs 177%

The 2025 Year-End Tea Friends Review shows that CHAGEE's store network currently operates in China, Malaysia, Indonesia, the Philippines, Vietnam, Thailand, Singapore, and the United States. In April, CHAGEE completed its public listing on the NASDAQ exchange (Ticker: CHA), becoming the first freshly made tea beverage brand from China to list on a U.S. stock exchange and one of the largest food and beverage IPOs globally since 2022, according to publicly available market data.

Overseas growth has supported the expansion of CHAGEE's customer base. According to the Report, membership in Asia-Pacific overseas markets rose 177% year-on-year in 2025, with 61% of members under the age of 30. Member counts in Singapore, Thailand, Indonesia, and the Philippines increased by approximately 4-fold, 5.4-fold, 20-fold, and 11-fold, respectively. Online engagement related to CHAGEE across international social platforms increased by approximately 250% compared with the prior year. Terms like "tea", "tea culture", and "tea-inspired lifestyle" have become popular among young local consumers, positioning tea as a shared point of cultural interest among younger audiences across markets.

BO•YA JASMINE GREEN MILK TEA Gains Worldwide Popularity

As CHAGEE's global presence grows, BO•YA Jasmine Green Milk Tea continued to gain recognition across international markets. Data from Frost & Sullivan shows that sales of the beverage surpassed 1.25 billion cups between January 2022 and June 2025. The Review indicates BO•YA Jasmine Green Milk Tea ranks among the top-selling products in Indonesia, the Philippines, Vietnam, and Thailand. Preferences vary by region—for instance, consumers in Malaysia and Singapore show greater interest in Peach Oolong Milk Tea—reflecting the company's strategy of tailoring offerings to local preferences as international operations expand.

In the past year, more than 30 million customers placed single orders for two or more cups of BO•YA Jasmine Green Milk Tea, highlighting shared consumption occasions. Group orders rose notably, with orders exceeding 20 cups increasing by more than 15% and orders over 100 cups rising by more than 40% year-on-year.During the Spring Festival holiday, orders of 50–100 cups surged by as much as 259% year-on-year.

In 2025, BO•YA Jasmine Green Milk Tea received the Best Natural/Organic Beverage award at the World Beverage Innovation Awards. CHAGEE was also recognized in the Best Processing/Production Innovation category and named a finalist for several additional international innovation awards.

Annual Tea Sourcing Holds at 10,000 Tons; Modern Tea Approach Supports Supply Chain Development

Within the tea industry, CHAGEE continues to deepen partnerships with upstream producers. In 2025, the company's annual tea sourcing remained at approximately the 10,000-ton scale, with partnerships extending to more than 100 tea factories.

Product innovation further links industry capabilities with consumer preferences. Last year, CHAGEE introduced over 20 new products. Within the Fresh Milk Tea series, more than 50% of new releases featured floral or fruit elements. By applying its Fresh Brew technology system, CHAGEE has integrated contemporary extraction techniques into freshly made tea beverage preparation, bringing new flavor expressions to traditional tea leaves.

In 2025, CHAGEE also completed over 10 craftsmanship and process innovation initiatives in collaboration with tea gardens, factories, and research institutions.

The 2025 Year-End Tea Friends Review further notes that CHAGEE now operates more than 25 pet-friendly stores, has supported the construction of 23 children's playgrounds this year, opened 14 deaf-inclusive silent stores, added 219 new 24-hour locations, and opened new stores at an average rate of one every 1.7 days. Approximately 1340 stores joined CHAGEE's Night Clean Project, supporting 18,000 store partners complete end-of-day operations on schedule.

"Making Friends Through Tea" is more than a tagline—it reflects CHAGEE's ongoing approach of building lasting, respectful connections centered on shared tea experiences. Each day, CHAGEE brings people together through a cup of tea.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

CHAGEE Releases "2025 Year-End Tea Friends Review": Global Stores Span 8 Countries Across 2 Continents, Annual Tea Procurement Exceeds 10,000 Tons