Equipped with a MicroLED screen, the electric vehicle co-developed by AUO will be launched next year

AUO promotes dual-axis transformation. In addition to the display business, it is also committed to the development of two major businesses: Mobility Solution and Vertical Solution.

Chairman Peng Shuanglang said that smart mobility is an important growth engine. Last year, smart mobile revenue increased by 20% annually, and due to the acquisition of BHTC, automotive revenue increased by 60% last year. Revenue is expected to maintain double-digit growth in the next few years, and automotive order visibility is relatively high.

General Manager Ke Furen said that this year it is the first time that AUO has participated in CES with BHTC. The level of visiting guests has increased several times this year. With the addition of BHTC, AUO has a closer relationship with European automakers and its global automaker layout has become more complete. In addition, the electric car AFEELA 1, which the company has cooperated with Sony Honda, will be launched in the United States in the second half of next year and will be the first car on the market equipped with a Micro LED screen.

Ko Furen pointed out that the auto market will still grow slightly this year. Automotive panel shipments are expected to grow by 3-4% this year, and the proportion of AUO's high-value automotive products will also increase. Smart mobile revenue is expected to increase by 6-7% in the first quarter this year, and full-year revenue is expected to increase by 10-15% year-on-year. As BHTC has secured automaker projects with a total value of more than US$15 billion in the past three years, these new projects will gradually contribute to revenue in the next few years. Therefore, smart mobility can achieve a double-digit compound annual growth rate in the next few years.

Ke Furen said that smart mobile accounted for 25% of total revenue last year, a significant increase from 18% the year before, and will continue to move towards the goal of 30% in the future. In addition, panel and vertical fields accounted for about 55% and 14% of total revenue last year. It is hoped that the proportion of panel revenue will drop to less than 50% in 2-3 years, and the vertical field will move towards the 20% target.