On December 6, BOE Varitronix announced via its official WeChat account that the trial production of the first phase of its Vietnam automotive display production base successfully commenced on December 4. The trial production process covered the entire automotive display module workflow.
Milestone in Global Expansion
This successful trial production marks a key milestone in BOE Varitronix’s overseas expansion strategy. According to reports, BOE Varitronix has secured significant orders from important clients in markets such as the United States, Japan, and South Korea. In Europe, the company continues to deepen its collaboration with clients, enhancing its market share and brand influence.
Leading Position in Automotive Displays
BOE Varitronix is the sole sales platform for BOE Group’s global automotive business and holds a leading position in the automotive TFT display and large and medium-sized display module markets. The company’s current technologies for automotive displays include Oxide, 8K, BD Cell, Mini LED, and OLED.
Expansion of Production Capacity
In 2022, BOE Varitronix, in collaboration with BOE Technology Group, officially launched the Chengdu automotive display production base. Once fully operational, the facility is expected to produce approximately 15 million automotive display units annually.
Financial Performance
In the first half of this year, BOE Varitronix achieved a revenue of HKD 6.157 billion, a growth of 18% year-over-year. However, the company’s shareholders’ profit amounted to HKD 172 million, representing a 15% decrease compared to the previous year.
About BOE Varitronix
BOE Varitronix Limited formerly Varitronix International Limited is a Hong Kong-based investment holding company belonging to DAS BG (Devices and Sensors Business Group) mainly focusing on automotive display module business. BOEVx is the sole sales platform of BOE Group for automotive businesses.
BOE Varitronix Limited, the world’s leading manufacturer of TFT and passive display, was established in 1978 by a group of academics who combined rigid R&D, innovative product designs, and high production efficiency to fulfill the utmost in customer satisfaction. BOEVx core businesses are automotive display and industrial display, the Company operates businesses in China, Korea, Japan, Europe, and America and has established strategic partnerships with certain sizable Tier 1 customers in the automotive industry. This is an important milestone for the Group to obtain further market shares and future business opportunities in various automotive-related areas.
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