This year LG launched its most affordable OLED TV ever with the A1 and has since kept the price of its successful LG C1 TVs low, especially for the smaller 48-inch variant. In addition, the company also has various cheap products also in India. This is due to LG Display’s new manufacturing facility in China, which has cut costs by 13-14 percent. 65-inch models are expected to see similar cost reductions in the future. By 2020, the production costs of the Guangzhou plant (China) were higher than those of the Paju plant (South Korea). On the other hand, LG Display reduced the total cost of its Guangzhou plant by reducing depreciation, labor, overhead and sales management expenses. For 48-inch products, the manufacturing costs in China are said to be 13 to 14 percent lower than in Korea.
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Because the cost of the 48-inch and 55-inch OLED TVs This year, 65-inch televisions remain a significant investment. Many of the best TVs are OLED models, but they are much more expensive than your regular LED or old LCD panels. Features like better color accuracy and HDR support make LG OLED TVs an excellent choice.
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LG Display manufactures the panels for almost every OLED TV that is now on the market, so its panel costs are also important beyond your own TVs. When manufacturing costs go down, every OLED TV maker wins, either by adding more features for the same price or by passing the savings on. The same revolutionary manufacturing processes that made 48-inch and 83-inch OLED panels possible will soon make the first 97-inch OLED panels available – which for many of us would lead to the reinvention of luxury televisions.
Total OLED TV panel production is estimated to be around 7 million in 2021, compared to 4.4 million in 2020. This is likely also a component of the cost savings, as economies of scale mean that the more produced, the lower the manufacturing costs will .
All of this seems to be looking good for LG and for the other 2022 models.