LG Display plans to invest approximately 220 billion yen (US$ 2.88 billion; US$1=76.5 yen) in mass producing OEL (Organic Electroluminescence) panels from the second half of 2014, according to an August 8, 2011 report by Nikkei. It is reported that LG Display will produce small numbers of OEL panels before entering volume production. LG Electronics plans to use the panels in its 55-inch TVs and expects to sell 30,000 units of these TVs per month from the second half of 2012. LG Display will then decide whether to start OEL panel volume production based on the sales and costs evaluation of these TVs.