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Panasonic Aims to Strengthen Partnership with Tesla

by Chinmay Bidkar
January 19, 2017
in News
Reading Time: 2 mins read
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Panasonic Aims to Strengthen Partnership with Tesla
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Panasonic tesla partnership

19 January 2017, India:

Panasonic has expressed to strengthen the partnership with Tesla beyond the battery manufacturing deal the two currently have together Reuters reported.

“We are deeply interested in Tesla’s self-driving system,” Chief Executive Officer Kazuhiro Tsuga said in an interview on Thursday. “We are hoping to expand our collaboration by jointly developing devices for that, such as sensors.”

Panasonic currently works with Tesla on lithium-ion battery research and production through a Nevada-based complex called the Gigafactory, first announced in 2014. Reports suggest a second factory, intended for European soil, may be in the works.

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Panasonic aims to add such technology to an automotive business that also includes cockpit displays and navigation systems. It targets annual sales of 2 trillion yen ($17.43 billion) for that business in the year through March 2019, from 1.3 trillion yen in the year ended March 2016 as per the Reuters’ report.

Another possible area of collaboration would be in heads-up display considering the growing speculation of Tesla’s vehicle lineup soon being equipped with the technology, especially the Model 3 due to the lack of instrument cluster in the early prototypes electrek reported.

Founded in 1918, Panasonic Corporation is a worldwide leader in the development and engineering of electronic technologies and solutions for customers in residential, non-residential, mobility and personal applications. (Image- Tomohiro Ohsumi/Bloomberg via Getty)

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Tags: Elon MuskGigafactoryPanasonicSelf drive carsTesla
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Chinmay Bidkar

Curious, Keen Observant & Dynamic! Chinmay finds peace in meeting people who work hard for humanity. He has new found interest in Gadgets and Techs and at Techstory he gets to write about it! Reach out at- [email protected]

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