China-based OLED lighting developer Yeolight Technology is starting to build a 4.5-Gen OLED lighting production line, in Huaibei City, Anhui Province, China.
The total investment in this new fab will reach 2 billion Yuan (around $300 million USD). Construction at the site has already began. When ready, the fab will have a yearly capacity of around 7 million OLED panels.
This is very exciting news, as most OLED lighting production is still performed in small scale production lines.
The main exception is Konica Minolta's $100 million R2R fab that was setup in 2014 but only began mass production in 2020. LG Display had a 6-Gen OLED lighting fab that began production in 2017, but the company withdrew from the market in 2019.
We have seen many companies enter the OLED lighting market, only to withdraw later. The focus of companies in recent years have been mostly automotive lighting. This is also true for Yeolight, and last year the company (which was spun-off Visionox a few years ago) announced new OLED taillight prototypes. In 2020 Yeolight announced that its OLED panels were adopted by Hongqi in its H9 flagship sedan.