According to foreign media reports, Korean panel maker LG Display (LGD) will accelerate the transition from LCD to OLED business and launch new production lines in China, hoping to benefit from the potential demand in the Chinese market.
Due to the increasingly fierce Chinese LCD competitors, LCD has been trying to expand the OLED business in the global market. In 2018, BOE defeated LG Display as the world's top LCD panel manufacturer (in terms of shipments).
Ko Kyu-young, vice president of LGD Global Promotions, said: "OLED TV is a revolutionary technology that can replace LCD TVs, because the LCD TV market price has been falling."
The 7th China Electronic Information Expo, held at the Shenzhen Convention and Exhibition Center from April 9th ​​to 11th, 2019, is responsible for promoting LGD's cutting-edge OLED display products, hoping to expand into the Chinese market, one of the fastest growing markets in the world. Performance. During this technology show that attracted more than 100,000 visitors, LGD launched an 88-inch 8K Crystal Sound OLED panel. LGD pointed out that this OLED display can stand out from many LCD competitors because of its many flexible features.
This year's overseas marketing efforts are particularly important as LGD will begin operating its new OLED plant in Guangzhou in the third quarter. LGD said that in the initial stage, the output of OLED panels in the Guangzhou plant will reach 60,000 pieces per month. Together with the production capacity at the Paju plant, the total output of OLED panels will increase to 130,000 this year.
With more and more Chinese TV manufacturers including Skyworth, Konka, Changhong, TCL and Hisense adopting OLED panels instead of LCD panels, Ko Kyu-young, vice president of global promotion at LGD, said that he hopes to be the largest in the world. The demand for 55-inch and larger OLED TVs in the Chinese market for the TV market will continue to grow. Ko pointed out: "China will play an important role in the expansion of the OLED TV market due to the continuous improvement of China's middle class consumption capacity. Although Europe is the world's largest OLED TV market, China will soon catch up with the European market. â€
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