Chinese OLED developer Royole announced that it will establish a 16 billion yuan ($2.4 billion USD) OLED production line in Qingdao, China.
Royole did not provide any details, besides that this production line will be used to make flexible and foldable OLEDs. We do not know yet the timeline, technologies and production capacity at the new line.
Royole recently announced its second-generation foldable smartphone, the FlexPai 2 5G device, which sports an outside folding 7.8-inch 1920x1440 OLED.
The Flex Pai 2 uses Royole's 3rd-generation foldable OLEDs screen technology (branded as Cicada Wing) which deliver significant improvements over its previous generation displays. Cicada Wing displays, compared to Royole's 2nd-Gen flexible OLEDs, offer 5X higher contrast, 50% higher brightness, 20% faster response time and a better color shift. It also offers a low brightness decay (Royole says it is 3.5X better then competing foldable OLEDs).