- BOE A said that in the first half of the year, IT, TV and other products prices rose to varying degrees in the face of strong demand and supply constraints caused by the shortage of raw materials such as driving IC. However, after entering the third quarter, due to the impact of shipping congestion and rising logistics costs, the downstream customers’ willingness weakened, and the price of TV products showed structural adjustment. Prices for IT products have remained stable thanks to better demand and supply concentration.
As a leading enterprise in the global semiconductor display industry, BOE A has benefited a lot in this uplink cycle of the industry, and its market share of LCD mainstream applications has further increased. In the first half of 2021, BOE A continued to occupy the world’s no. 1 display shipments in the five application fields of smart phones, tablets, laptops, monitors and TVS, according to WitsView. And the market share of flexible display continues to be the first in China and the second in the world.
This year, after investing to build a mobile display port device manufacturing base for the Internet of Things in Qingdao, BOE announced that it will invest 2.5 billion RMB to build a vehicle-mounted display base in Chengdu on the evening of October 28.
With the increasing demand of display screen for driving safety, on-board entertainment, navigation, as well as the rapid rise of new energy vehicles, in order to comply with and grasp the development trend and seize the development opportunities of intelligent manufacturing. , BOE Technology Group Co., Ltd. (hereinafter referred to as the “Beijing Orient”, “company”) and Beijing Oriental fine electric Co., Ltd. (hereinafter referred to as the “pure electric” BOE) subordinate company of Hefei BOE, on-board display Technology Co., Ltd. (hereinafter referred to as the “Hefei BOE car”) and Nian Jia Investment Co., LTD (hereinafter referred to as “investment”) in the west of Chengdu, Sichuan province high-tech zone (hereinafter referred to as “High-tech West Zone”) invested in BOE Chengdu Vehicle display Base project on the basis of thorough research and argumentation.
Project Basic Info:
Project name: BOE Chengdu Vehicle Display Base Project (hereinafter referred to as “The Project”)
Project company: Chengdu BOE Automotive Electronics Co. LTD
Construction site: Qingshui Village, Xiyuan Street, High-tech Zone, Chengdu city, Sichuan Province
Occupied area: The planned land area of the project is about 150,819.25 square meters
Main products: 5″ ~ 35″ on-board display module
Design production capacity: The annual output of vehicle-mounted displays is about 14.4 million pcs
Project duration: The project will be implemented from 2021 to 2022, and strive to start production by the end of 2022.
Total project investment: the total investment is about 2.5 billion RMB
Registered capital: 1.5 billion RMB (At present, the initial registered capital of the project company is 150 million RMB, and the capital will be increased to 1.5 billion RMB in equal proportion by each shareholder of the project company)
Capital source: BOE and its subsidiaries invested with self-raised funds, with a total investment of about 2.5 billion RMB, the registered capital is 1.5 billion RMB, of which BOE will invest 600 million RMB in cash and hold 40% shares; Hefei BOE vehicle invested 600 million RMB in cash for a 40 percent stake; Nian Jia Investment Co., LTD invest 300 million RMB in cash holding 20% shares, the remaining will be settled by the project company through external financing.
Post time: Oct-30-2021