Core Viewpoint - TCL Technology's subsidiary TCL Huaxing has signed a project cooperation agreement with the Guangzhou Municipal Government and the Guangzhou Economic and Technological Development Zone to jointly invest in the construction of an 8.6-generation printed OLED display panel production line, with a total investment of approximately RMB 29.5 billion [1] Group 1: Project Overview - The t8 project will be located in Guangzhou and will have a monthly processing capacity of approximately 22,500 pieces of 2290mm×2620mm glass substrates for printed OLED displays [2] - The total investment is about RMB 29.5 billion, with registered capital of RMB 14.75 billion (TCL Huaxing contributing RMB 8.85 billion and state-owned enterprises contributing RMB 5.9 billion) [2] - The project is expected to start construction in November 2025, with a construction period of 24 months, aiming for production around 2027 [2] Group 2: Technology and Market Trends - Printed OLED technology offers multiple advantages that align with the current upgrade direction of automotive display technology, impacting performance and cost [3] - The technology provides excellent color performance and high resolution, meeting the demand for high-definition displays in vehicles [3] - The cost and energy efficiency of printed OLEDs can lower the mass production costs of automotive OLED screens, potentially accelerating their adoption in mid-range vehicles [3] - The global automotive display market is projected to grow significantly, with a compound annual growth rate of 27% for automotive displays, far exceeding the growth rates of laptops and desktop monitors [4] Group 3: Industry Impact - The t8 project is expected to break the dominance of foreign companies in the high-generation AMOLED field, promoting the localization of the automotive display supply chain [5] - TCL Huaxing will become a key domestic supplier of automotive OLED screens, helping car manufacturers reduce reliance on foreign supply chains and improve delivery times [6] - As the penetration of electric vehicles and smart cockpits increases, automotive displays are evolving from functional components to core experience elements, creating a strong demand for high-quality, low-cost display solutions [6]