China's panel production line construction investment is nearly 800 billion yuan, and its shipment volume ranks first in the world

At the press conference of the 2020 World Display Industry Conference held recently, Yang Xudong said that during the "13th Five-Year Plan" period, China's new display industry has made remarkable achievements in terms of industrial scale, technological level, and supporting equipment and materials.

According to reports, during the "13th Five-Year Plan" period, China's panel production line construction investment was nearly 800 billion yuan, and the total production capacity increased by 149% compared with the end of 2015. In 2019, China's new display industry's cumulative revenue scale was about 372.5 billion yuan, with an average annual compound growth rate of 22.1% from 2016 to 2019. The total shipment area is 115 million square meters, and the display panel shipments have ranked first in the world since 2018.

As of the end of 2019, China’s panel production capacity has become more mature, the manufacturing process level of ultra-high-definition and large-size panels has been significantly enhanced, and breakthroughs have been achieved in technologies such as Mini-LED backlight and ultra-high refresh rate. The intelligent and core process technology of TFT-LCD panel manufacturing has been improved. Reach the highest level in the world.