AUO announced today (April 2) that its wholly owned subsidiary, AUO Display Plus (ADP), has signed a term sheet with E Ink to establish a joint venture company (the JV company) with paid-in capital of TWD 390 million, aiming to capture the continuous growth opportunities in the green display market. According to the term sheet, ADP and E Ink will own 51% and 49% stake of the JV company respectively and will jointly establish large-sized Electro-Phoretic Display (EPD) module production lines at AUO’s Longke site in Taoyuan, with mass production expected to begin in the fourth quarter of 2025.