According to the Nikkei newspaper, Japanese auto parts maker Denso is expected to invest 30 billion yen in JOLED to compete with Korean panel makers in the automotive display market.
Through this investment, Denso will have a 15% stake in JOLED and become one of the largest shareholders of the State-backed Innovation Network Corp. Japan Display also owns 15% of JOLED.
It is very important for a next-generation car to have a display system that allows the driver to easily receive information from various sensors and cameras. JOLED is known to actively enter the automotive display market by partnering with Denso, a company that is specialized in automotive electronics and control systems.
JOLED and Denso are planning to develop OLEDs for digital dashboards and mirror camera systems. OLEDs can be flexibly shaped compared to LCDs, allowing for better customization inside the vehicle.
Meanwhile, JOLED supplied 21.6 inch 4K OLED panels to Asus using inkjet technology in January 2018. JOLED plans to mass-produce inkjet-based OLEDs in 2019.
In addition, JOLED is under fund-raising 5 billion yen each from Panasonic, Sony, Sumitomo chemical, and Screen Holdings. The company plans to mass-produce OLED panels at its display plant in Ishikawa Prefecture.