Release Date: 2025/4/28
Emerging Display Technologies Corp. (hereafter “EDT”) (Headquartered in Kaohsiung, Taiwan; the President & CEO is Mr. Pauli Wang) and Nippon Seiki Co., Ltd., a company specializing in the development and manufacturing of automotive instruments and components, signed an India Joint Venture Agreement on April 25th, 2025. The two companies have agreed to establish a new jointly funded venture, EDT-India Private Limited (hereafter “EDT-India”), in India, dedicated to the production of TFT LCD modules. The new plant under EDT-India aims to begin mass production of automotive TFT LCD modules in 2027. In addition, based on this agreement, EDT and Nippon Seiki also signed a Business Partnership and Capital Alliance Agreement to further strengthen their partnership.
In recent years, global demand for high-resolution, high-quality TFT LCDs in the automotive marketplace has grown rapidly, replacing traditional analog and passive digital display technologies. India, home to the world’s largest two-wheeler market, is expected to see a significant surge in demand for TFT LCD displays.
The new joint venture, EDT-India, will be located at a new facility within the campus of NS Instruments India Private Ltd. (hereafter “NSIP”), a subsidiary of Nippon Seiki in the Sricity Industrial Park located in Andhra Pradesh, India. Construction is scheduled to begin in the summer of 2025, with operations starting in the fall of 2026 and full-scale mass production set for 2027. EDT-India will become EDT’s third overseas manufacturing site, following Taiwan and China.
This collaboration will allow EDT to help Nippon Seiki deliver the latest display technology for vehicles to customers more quickly, meeting strong and growing market demand. Furthermore, the transition of TFT LCD module production from overseas facilities to domestic manufacturing within India will help reduce tariff rates and packaging and transportation costs, enhancing Nippon Seiki’s overall price competitiveness in the market.
On the same day, EDT and Nippon Seiki also entered into a Business Partnership and Capital Alliance Agreement. By combining EDT’s advanced, high-quality touch display technologies and expertise with Nippon Seiki’s long-standing experience, technical capabilities, and global market presence in the instrument clusters for the Automotive Market, both companies are committed to jointly developing innovative TFT LCD module technologies in design and manufacturing. They also aim to co-develop high-value-added integrated touch display solutions, further promoting the development of new technologies and products.
Under the Business Partnership and Capital Alliance Agreement, the two companies will engage in mutual shareholding to strengthen their strategic relationship and pursue sustainable growth together.
Center right: Mr. Koichi Sato, President of Nippon Seiki; Center left: Mr. Pauli Wang, President and CEO of EDT
These agreements, the Joint Venture Agreement and the Business Partnership and Capital Alliance Agreement, are based on the Memorandum of Understanding (MOU) signed by both parties on February 19th, 2025, to collaborate in the manufacturing and business expansion of automotive TFT LCD modules.
About NIPPON SEIKI CO., LTD.
Nippon Seiki Co., Ltd., founded in 1945 and based in Nagaoka, Niigata Prefecture, Japan, specializes in the development and manufacturing of automotive instruments and components. The company holds a significant global market share, particularly in motorcycle and automobile instrument clusters as well as head-up displays. In addition, Nippon Seiki is dedicated to developing and producing various essential products and components for daily life, such as remote controls for air conditioning systems and control panels for office automation equipment. By pursuing miniaturization, lightweight designs, more integration, and energy-efficient designs, Nippon Seiki addresses global environmental concerns while also strengthening its service-related businesses. Through its products and services, Nippon Seiki strives to create a world and future filled with safety and inspiration.
Nippon Seiki corporate website: https://www.nippon-seiki.co.jp/