Magna and Rohinni establish a joint venture company to focus on the research and development of ultra-thin micro LED lighting technology
Distinctive and high-performance lighting products are increasingly becoming "necessities" for automakers and major travel companies. Magna's Electronics Division and Rohinni have established a joint venture to produce ultra-thin micro LED lighting solutions. Compared with other lighting products including OLED, ultra-thin micro LED lighting technology has higher brightness, lighter weight and higher energy efficiency.
The joint venture is named Magna Rossini Automobiles (Note: Rossini is a transliteration of Rohini) and is located in Holly, Michigan, USA, and is controlled by Magna. The joint venture company exclusively enjoys Rohinni's innovative lighting technology, which is applied to the transportation industry and combines Magna's first-class electronic product manufacturing expertise.
Rohinni's thin film micro LED and mini LED technology can be applied to almost every field, creating unlimited possibilities for product differentiation design. In addition, Rohinni has developed how to mount micro LEDs on the surface of the substrate to meet the speed and accuracy requirements for mass production. This technology gets rid of the cumbersome traditional LED manufacturing technology, and the joint venture company will be able to provide micro LED and mini LED products to the market faster and more cost-effectively.
"Our employees are extremely excited to be able to establish a joint venture with Magna," said Matthew Gober, CEO of Rohinni. Operational footprint, rich automotive market resources and technology application experience."
Rohinni's leading micro and mini LED technology has great potential for application in different industries and the market prospects are broad. Magna bought a small amount of Rohini's equity in the joint venture at the same time.
“The joint venture between us and Rohinni uses ultra-thin, flexible and variable lighting technology in the field of transportation and travel, which is the first in the industry.†Magna Chief Technology Officer Swaemy Katjili said, “Existing cars Manufacturers, emerging travel companies, major lighting product suppliers, and Magna’s product divisions will all benefit greatly from this cooperation."
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