As early as July of this year, there was news that the only LGD in the world that could mass-produce large-size OLED panels will set up an OLED panel production line in Guangzhou, China. At that time, the news was exposed by the industry. However, after the South Korean government was blocked, the final hammer of the incident failed to settle.
Just this Tuesday, according to foreign media reports, the Korean Trade Ministry said on Tuesday that a committee had approved plans for LG Display to build a new OLED panel factory in China. It is understood that the total scale of LGD's joint venture construction in China is approximately RMB 30.5 billion, of which LGD holds 70% of the shares.
For the first time, LGD's establishment of an OLED panel production line outside of the Korean mainland is unprecedented. With the increasing popularity of OLED products in the terminal TV market, LGD Korea's domestic production line has been unable to meet the huge market demand. Investing in large-scale OLED panel factories in Guangzhou is to better meet the overseas market for TV OLED panels. Rapidly growing demand.
This year, LG, Sony and other TV makers are constantly making efforts in the OLED display product line. As for consumers, such as living room entertainment terminals such as TVs, the needs of the middle class for high-end products are becoming more and more urgent. The large-screen OLED is a symbol of high-end televisions. , Performance in the market in 2017. However, due to the low output of large-size OLED panels, the price of end products is still high.
After the establishment of a factory in China, the company can directly supply LGD to Guangzhou TV manufacturers in the future, increasing production and reducing the huge transportation costs. At the same time, LGD estimates that the Guangzhou plant can meet the needs of the land plant and other European and Japanese manufacturers.
LGD expects its OLED panel production capacity to double in 2020. Its E3 plant (8 thousand pieces), E4-1 (26,000 pieces), E4-2 (26,000 pieces), plus 60,000 pieces of production capacity of Guangzhou plant, since 2019, LGD OLED production capacity will increase to 12 per month Millions.
According to IHS Markit, a market research agency, OLED TV shipments will grow from 723,000 units in 2016 to 6.6 million units by 2020, and the market outlook is very promising.
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