46 billion 500 million yuan! Establishment of the Third Six Generation OLED Production Line in Dongfang, Beijing

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46 billion 500 million yuan! Establishment of the Third Six Generation OLED Production Line in Dongfang, Beijing

2019-02-09 09:17:09 15 ℃

Beijing Oriental has begun to build a third 6G flexible OLED panel production line in Chongqing with a monthly capacity of 48,000 pieces.

According to reports, Beijing Oriental plans to invest 46.5 billion yuan ($6.88 billion) in new production lines to produce flexible OLED panels for mobile phones, automobiles and laptops.

In May 2017, Beijing Oriental launched the first 6G flexible OLED production line in Chengdu, and is currently building a second 6G OLED production line in Mianyang, which is scheduled for mass production in 2019. After completing the second OLED product line, Beijing Eastern expects to continue to expand its market share in this field and compete with companies including Samsung Display, LG Display, Sharp and Japan Display (JDI).

According to IHS Markit data, global flexible OLED panel shipments reached 157.6 million pieces in 2018, a triple increase over 2015, during which the annual composite growth rate reached 50%.