During the company's conference call, BOE says that it plans to ship over 40 million flexible OLED panels in 2020. In the first half of the year BOE shipped 16 million units, and it expects to ship over 24 million units in the second half.
This target means that BOE expects its shipments to rise over 130% from 2019 (it shipped around 17 million units, according to Omdia). This 40 million target is actual a sharp drop from BOE's plans at the end of 2019 before the COVID-19 pandemic - to ship over 70 million panels.
BOE also updated that in addition to its existing B7 and B11 line, the B12 Chongqing line is expected to start production in H2 2021, which will bring its monthly capacity to 144,000 6-Gen substrates.