LiTong Group Achieves Record Q3 NCC Sales in North America

Strong Growth Across Key Sectors

LiTong Group's North America division achieved record-breaking sales of NCC capacitors in Q3 2024, with total sales reaching $12.8 million, representing a 35% increase over the same period in 2023. The growth was particularly pronounced in the automotive and renewable energy markets.

"This record performance reflects the growing recognition of NCC's quality and reliability in North American markets," said Michael Zhang, Regional Director for North America at LiTong Group. "We're seeing particularly strong demand in applications requiring high-reliability components, where NCC's reputation for quality makes it the preferred choice."

Automotive Market Leadership

Automotive applications accounted for 42% of total sales growth in the region, driven by continued electrification of the automotive sector. NCC's high-temperature and high-ripple series showed exceptional performance in electric vehicle power systems, including onboard chargers, DC-DC converters, and battery management systems.

Key automotive applications showing growth include:

• Electric vehicle (EV) onboard chargers (OBC)
• DC-DC converters for power train systems
• Battery management systems (BMS)
• Electric motor drive systems
• Advanced driver assistance systems (ADAS)

NCC's AEC-Q200 qualified components met the stringent requirements demanded by automotive customers, contributing significantly to market share gains among Tier 1 suppliers.

Renewable Energy Expansion

The renewable energy sector showed 28% growth in NCC capacitor demand, primarily driven by:

• Solar PV inverter applications
• Wind turbine power conversion systems
• Energy storage systems (ESS)
• Grid-tie inverter systems

NCC's high-ripple current and extended-life series proved particularly suitable for the challenging environmental conditions in renewable energy installations, leading to increased adoption among system integrators.

Technical Support and Service Excellence

LiTong Group's technical support played a crucial role in the sales growth, with the company's FAE team providing application-specific support for complex designs. The company established three new technical support centers in key markets:

These centers provide direct access to NCC FAE engineers, local sample availability, and accelerated response to technical inquiries.

Inventory and Supply Chain

To support the growing demand, LiTong Group expanded its North American inventory by 40%, with particular emphasis on high-demand automotive and industrial series. Strategic partnerships with express logistics companies enabled same-day shipping for 85% of orders.

Notable inventory additions included:

• Extended temperature series (KY, KMH) for automotive applications
• High-capacitance screw-terminal series for industrial applications
• Miniaturized SMD series for consumer electronics
• Polymer and hybrid series for high-frequency applications

FAE Note: The strong growth in automotive and renewable energy validates NCC's focus on quality and reliability. Our comprehensive inventory and technical support enable rapid prototyping and production ramp-up for customers in these expanding markets.

Outlook for Q4 and Beyond

Based on current market conditions and customer forecasts, LiTong Group expects continued growth into Q4 and 2025. The company has increased its North American procurement commitments with NCC by 25% to ensure supply security.

Planned initiatives for the remainder of 2024 include:

• Launch of NCC's new automotive-optimized series
• Expansion of local technical training programs
• Enhancement of e-commerce capabilities for design engineers
• Rollout of advanced logistics solutions

LiTong Group remains committed to supporting North American customers with the highest quality NCC components and unparalleled technical support, positioning for continued leadership in the region's growing demand for reliable electronic components.