BEIJING - China's first flexible display production line will go into operation next year, making bracelet-shaped mobile phones and folding tablets, according to BOE Technology Group on Wednesday.

BOE will invest 46.5 billion yuan ($6.99 billion) on its 6-generation AMOLED (active matrix/organic light-emitting diode) production line in Chengdu, Sichuan Province in southwest China.

AMOLED is new technology, physically flexible with a fast response, high contrast and wide visual angles, compared with traditional LCD panels.

BOE is the second company to master flexible display technology and go into mass production, following Samsung.