In May 2022, Visionox announced plans to build a 11 billion Yuan ($1.6 billion USD) flexible and foldable OLED module production line, in Hefei. Yesterday the company signed the formal agreement with the local government and kickstarted the project.
According to reports from China, the new factory will have a yearly capacity of around 26 million modules in sizes ranging from 6-inch to 12-inch, although the company says it will also produce wearable OLED display modules at this fab, so there will be smaller sizes as well.
Visionox currently produces around 10 million smartphone OLED displays per year (with a market share of around 7% globally). The company is getting ready, it seems, for a large increase in production volume. Visionox started trial production at its M4 flexible OLED module factory in Guangzhou in late 2020. The company's 2nd OLED line is located in Hefei and is already mass producing panels.