Panasonic aims to move Tesla auto partnership beyond batteries
20 Jan 2017, 02:58 pm
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This article first appeared in The Edge Financial Daily, on January 20, 2017.

 

OSAKA: Panasonic Corp aims to extend its partnership with electric-car maker Tesla Motors Inc beyond batteries and into self-driving technology, as the Japanese conglomerate continues to shift its focus to the automotive business.

The electronics maker has placed automotive applications at the centre of a growth strategy that targets corporate clients at the expense of low-margin consumer goods, where low-cost Asian rivals have diminished the dominance of Japanese firms.

Panasonic is the exclusive supplier of batteries for Tesla’s Model S, Model X and upcoming mass market Model 3, and plans to contribute US$1.6 billion (RM7.12 billion) to Tesla’s US$5 billion battery factory.

“We are very interested in Tesla’s self-driving system,” chief executive officer Kazuhiro Tsuga said in an interview yesterday. “We are hoping to expand our collaboration by jointly developing devices for that, such as sensors.”

One candidate would be so-called organic photoconductive film CMOS image sensors currently under development at Panasonic, which enable high-speed sensing of moving objects without distortion, Tsuga said.

Panasonic aims to add such technology to an automotive business that also includes cockpit displays and navigation systems. As well as automotive, Panasonic and Tesla work together in solar energy. — Reuters

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