A display panel includes a flexible electrochromic substrate comprising a first flexible substrate layer, a second flexible substrate layer opposing to the first flexible substrate layer and an electrochromic part disposed between the first and second flexible substrate layers and configured to discolor in response to a driving signal, a transistor layer disposed on the flexible electrochromic substrate, the transistor layer comprising a plurality of transistors and an organic light emitting diode layer disposed on the flexible electrochromic substrate on which the transistor layer is disposed, the organic light emitting diode layer comprising a plurality of organic light emitting diodes connected to the plurality of transistors.