LG Display to Supply Automotive OLED Panels to German Car Makers
LG Display will supply OLED (organic light-emitting diode) panels to German auto manufacturers including Daimler-Benz AG. The company plans to strengthen its presence in the automotive display market as the demand for smart cars and electric vehicles is rising.

LG Display will employ futuristic technologies such as transparent displays as a way to move into the small-sized display market such as that for automotive displays. Although the company has led the global market for larger-sized displays for four consecutive years, it is lagging behind in the small-sized display market. Last year, it was ranked fourth with a market share of 13 percent, after Innolux of Taiwan (23%), Japan Display Inc. (21%), and Sharp of Japan (18%).
Han Sang-beom, LG Display president, said in a press conference at the company’s Paju plant, “For the next three years we plan to increase our sales for automotive display panels by 30 percent a year to take the leading position.” Last year the company posted 500 billion won in sales of automotive displays. It aspires to double the sales by 2016.
Source : The Korea IT Times
05 Aug