BOE Display announced that it signed an agreement with a Hefei municipal government to co-invest 1 billion CNY (around $145 million USD) in a new OLED TV production line in Hefei. BOE will invest 80% of the funds, and the rest will be provided by the Hefei government.
BOE already has a 8.5-Gen pilot line in Hefei, which is actually producing commercial OLED TV panels, albeit in very small volumes. It 2014 it was reported that BOE plans a $1 billion OLED TV line in Hefei.
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