Demand for LG’s OLED TVs appears to be going up. According to a new report from The Elec, the South Korean electronics giant has decided to expand the production capacity of its OLED panel factory located in Guangzhou, China from a capacity of 60,000 substrates per month to 90,000 substrates per month by June. The expansion should help LG attain its goal of shipping 7 to 8 million large-sized OLED panels in 2021—an 80 percent increase over the 4.5 million units shipped last year.
Once the upgrade in China is complete, combined with its capacity of 80,000 substrates per month at its factory in Paju, South Korea, LG Display will have a TV OLED panel production capacity of 170,000 substrates per month. One of the people said the company has successfully stabilized production at Guangzhou and is seeing large demand for its large-sized (TV) OLED panels.