Excellence Optoelectronics Inc.

www.eoi.com.tw

Automotive Industry

Continuous innovation for better human being life and social welfare is the goal and value of EOI.

Information about the Company

Excellence Optoelectronics Inc. (EOI) is a high technology-oriented company established in Hsinchu Science Park Taiwan in 1995. As an IATF-16949 certified enterprise, EOI guarantees that its products are of high quality and high performance. With strong capabilities in optical, mechanical, and electrical designs with precision measurements, EOI supplies high-efficiency LED components and modules, serving customers with complete technical solutions.

Between the years 2019 to 2022, EOI obtained certification and cooperated with more than 45 world-renowned automobile manufacturers. Now, every one out of 6.2 to 9.6 cars produced in the United States uses EOI’s products. The company’s strategic customers are leading companies in the automotive industry, such as Magna, Flex-N-Gate, Hella, and SanLi, supporting EOI in its pursuit of sustainable growth. This also leads to one of the company’s major goals which is to increase its clients’ competitive abilities as the market increasingly favors sustainable companies.

In 2022, the company received numerous affirmations, being honored with awards and titles. This is because EOI is dedicated to pursuing excellence in corporate governance and in official evaluations across Taiwan, for example, the company ranks among the top 20% of best-performing listed companies. Amidst the global ESG trend, it is also committed to obtaining TCFD, ISO 14064-1, and 14067 certifications, promoting joint carbon reduction within its supply chain, satisfying its customers globally, and establishing a sustainably managed enterprise.

EOI’s vision is to become the pioneer of innovative automotive lighting sources in the global world and a sustainable happy company. The company’s mission is to continue to develop innovative technologies and products to upgrade the green energy environment and better human being life. EOI’s operations are guided by its corporate values which are to make a better world with innovation in automotive lighting and displays while providing continuous social welfare to the disadvantaged and minorities, pursuing a zero-carbon environment, creating excellent products, pursuing perfect quality, and exceeding customers’ expectations.

Innovative Corporate Culture & Growth Initiatives

The President, Ms. Fanny Huang, does her best to encourage the employees to embrace continuous learning and innovation as well as train their agility to meet or exceed customers, employees, and internal and external stakeholders’ expectations. EOI’s policy also promotes corporate social responsibility and employee benefits.

EOI has built an organizational culture based on the values of honesty, accountability, appreciation, respect, encouraging people, social welfare, customer-first, target-oriented, and teamwork.

Various corporate activities also contribute to building a cohesive staff with these values. EOI integrates various initiatives like a unique KPI mechanism, Pre-Expert Program (Talent Development Program), supervisor-led book clubs, team-building activities, and CSR projects.

Achievements & Impact

The global Covid-19 pandemic in 2020 led to a shortage of automotive chips, and limited transportation, thus, EOI‘s performance was affected. As the global economy eases off from the pandemic’s effects, EOI acquired more future orders than in the past, thanks to the trust of its long-term customers, such as Magna, Flex-N-Gate, and Hella.

The company has also made an impact both locally and regionally. EOI’s LED and energy-saving products have reduced energy and carbon-waste production in Taiwan. The company’s social welfare projects have also assisted a couple thousand disadvantaged people in Taiwan by the company provides job opportunities in Taiwan and its subsidiaries in foreign countries.

These subsidiaries were set up in California and Michigan in the United States, Stuttgart in Germany, Madrid in Spain, and Shenzhen and Dongguan in China. EOI will continue expansion worldwide and shorten its supply chain in the next couple of years in order to enhance cooperation with its customers and realize its ESG and carbon reduction goals.

The company’s strategy to achieve sustainable growth includes continuous advanced innovation, forward-looking technologies, and ensuring customer-oriented services in order to be considered the best and most valuable supplier to the key accounts.

EOI is also looking into the efficient use of automation and AI technology to achieve robust and lean manufacturing. The company has eyes on talent development for highly professional experts with a passion for innovation. Besides that, the company will be investing in innovative green technology to achieve zero carbon emissions and realize its ESG goals.

Future Direction

Moving forward, EOI intends to continue developing innovative automotive LED light sources, increase its market share, and become among the world’s top five automotive LED suppliers. The company is working to develop a light source module with unique patent technology for automotive lights to expand the application to various automotive lights such as taillights, brake lights, direction lights, and daytime running lights. Module shipments are expected to exceed 20% in the United States.

EOI intends to create more cost-effective LED outdoor lighting, signal lights, and other green energy products. Thus, the company will be able to participate in smart city services and it is expected to be one of the most important suppliers in North America. Based on the current assumptions about EOI’s operating outlook, the short-term goal in the future would be annual performance growth of 20-30%.