Contract signed on 1st major project of 2025 in Qingdao WCNA

Qingdao West Coast New Area (Qingdao WCNA) signed an agreement to establish the Qingdao super large-size panel Open-Cell project, with a total investment of 3 billion yuan ($411 million), on Jan 2.

The signing ceremony of the super large-size panel Open-Cell project. [Photo/WeChat account: qdxihaianfabu]

The contract marks the first major investment project in Qingdao WCNA in 2025. The project is expected to drive the value of the related industrial chain to over 30 billion yuan, promoting the quality upgrade of the Qingdao WCNA's new display industry.

Covering an area of approximately 163 mu (11 hectares), the project will include the construction of two 75-inch and one 120-inch Open-Cell production lines, focusing on creating a production base for large-size Open-Cell modules in northern China. Once it reaches full production capacity, it is estimated to achieve an annual output value of 10 billion yuan and an annual profit of nearly 500 million yuan.

Given the significant growth in global demand for large-size LCD panels, the project, as a key part of Qingdao WCNA's efforts to establish a new display industry chain covering small, medium, and large sizes, plays a crucial role in consolidating the long-term development of new quality productive forces. While helping to upgrade Qingdao's new display industry, it also aids in the deep integration of display technology with home appliances from companies like Haier and Hisense, thereby enhancing the development of industries such as intelligent home appliances in Qingdao.