BEIJING/TOKYO -- Chinese display maker BOE Technology Group is embarking on a 96.5 billion yuan ($15.2 billion) production expansion, but local governments will cover the lion's share of the cost, enabling the company to take on South Korean rivals at a time when China is looking to shift the nature of its economic growth to quality from quantity.
One part of this is a new production plant for organic light-emitting diode screens for such devices as smartphones that BOE announced Thursday. Located in the city of Chongqing, it will use the latest sixth-generation substrates. The company plans to bring it into operation by the end of 2020 and have the capacity to churn out 48,000 units a month.
