HK Stock Market Move | BOE VARITRONIX (00710) rose nearly 7% during trading hours, the completion of the third phase of the Heyuan project is proceeding smoothly, and the annual production capacity of car display screens has increased to over 10 million pieces.

BOE VARITRONIX (00710) rose nearly 7% during trading hours, as of the time of writing, it was up 5.42% at 4.28 Hong Kong dollars with a turnover of 120.158 million Hong Kong dollars. On the news front, on June 26th, BOE VARITRONIX held a topping-out ceremony for the third phase of its manufacturing base in Heyuan. The total investment in this project is 2 billion RMB and it is expected to achieve mass production in December. After full production, the base will be able to add an annual production capacity of over 10 million pieces of car display screens, focusing on OLED cockpit screens and high-end car display products, further expanding the company's large-size car display panel capacity and optimizing the supply chain cooperation among its manufacturing bases in Heyuan, Chengdu, and Vietnam. As a professional car display platform under BOE, the shipment volume and area of BOE VARITRONIX car display panels have been ranked first globally for many years, with cooperation with over a hundred domestic and foreign car brands. The Heyuan base is the core production hub in southern China, and after the third phase is completed, it will significantly improve the efficiency of delivering orders to domestic new energy vehicle companies and overseas customers, strengthening the company's scale and technological advantages in the intelligent cockpit field.