EDT and Nippon Seiki Establish Joint Venture in India for Automotive TFT LCD Modules: Partnership Agreements Signed
Nippon Seiki Co., Ltd., signed an India Joint Venture Agreement with Emerging Display Technologies Corporation (hereinafter “EDT”) (Headquartered in Kaohsiung, Taiwan; the President & CEO is Mr. Pauli Wang) which produces high-definition display “TFT LCD modules*” on April 25th, 2025.
The two companies have agreed to establish a new jointly funded venture, EDT-India Private Limited (hereinafter “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.
*TFT LCD modules: Devices that combines a Thin-Film Transistor Liquid Crystal Display with necessary components, such as control circuits and interfaces.
-Rendering of the New facility
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 premises of NS Instruments India Private Ltd. (hereinafter “NSIP”), a subsidiary of Nippon Seiki in 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.
This collaboration will allow Nippon Seiki to 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.
<EDT-India Private Limited>
-Representative: Mr. Pauli Wang
-Establishment: Summer of 2025
-Capital: 300 million rupees
-Ownership Ratio: EDT 81%, Nippon Seiki 19%
-Business: Manufacture and sales of TFT LCD modules in India
-Facility: 2-story/Total floor area approx. 2,500m2 (First floor: 2,000m2, Second floor: 500m2)
-Adress: In the Sri City Industrial Park located in Andhra Pradesh, India. (Within the premises of NSIP)
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.
Signing Ceremony in EDT headquarter on April 25th, 2025
(Left: Mr. Pauli Wang, President and CEO of EDT / Right: Mr. Koichi Sato, President of Nippon Seiki)
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 EDT
EDT is headquartered in Kaohsiung, Taiwan. Since founded in 1994, it has accumulated know-how in the field of displays over the years, and now offers products based on cutting-edge LCD technology to the market.
The new facility in India will be EDT’s third TFT LCD module manufacturing plant after Taiwan and China, and the first outside of East Asia.
<Link>
・Nippon Seiki Co., Ltd.|News|Memorandum of Understanding signed with Emerging Display Technologies Corporation
・EDT Website