Reuters is reporting that Panasonic hopes to widen the scope of its partnership with Tesla to include the development of technologies for self-driving vehicles.
The move to extend its presence in the automotive sector comes as part of a strategy by the Japanese conglomerate to target corporate clients over the increasingly low-margin world of consumer electronics.
During an interview on Thursday, Panasonic chief executive Kazuhiro Tsuga said that the company is “deeply interested in Tesla’s self-driving system” and that it sees additional opportunities for collaboration. Tsuga indicated that Panasonic’s organic photoconductive film CMOS image sensors would be a likely candidate.
Panasonic currently provides all of the batteries for Tesla’s electric vehicles and has committed $1.6 billion towards the automaker’s $5 billion Gigafactory. In December, Panasonic announced that it was also investing more than $260 million in a Tesla solar energy factory.
Read full article at: Reuters »