Samsung confirmed that it is negotiating with Tesla to become a partner to supply camera modules for electric vehicles

Samsung confirmed that it is negotiating with Tesla to become a partner to supply camera modules for electric vehicles

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2022-07-17 00:52:46

However, the company did not disclose the size and amount of the deal at this time. Samsung Electro-Mechanics adds that the company will continue to improve and build diverse camera modules.

Last year, Samsung launched its first car camera sensor ISOCELL Auto 4AC. Media reports say the company may have reached a $436 million deal with Tesla to supply cameras for Tesla’s Cybertruck electric pickup truck.

Earlier this year it was reported that Electro-Mechanics had beaten LG Innotek and won the contract to supply cameras for Cybertruck. LG Innotek later confirmed that it did not participate in the bidding.

In addition, Electro-Mechanics is also providing camera modules for smartphones. However, the camera module in electric vehicles has a higher value so this will certainly be a lucrative business.

Samsung confirmed that it is negotiating with Tesla to become a partner to provide camera modules for electric vehicles - Photo 2.

According to TheElec, there are eight camera modules in Tesla electric vehicles, and the camera module in the car is more expensive than the camera module in a smartphone. Therefore, with this deal, Samsung is expected to increase the output of camera modules to meet the demand.

Samsung won’t have any problems doing business with Tesla because the company doesn’t make electric vehicles.

Sheet Korea Times quoted two Samsung executives as saying the company would not produce its own electric vehicles. The main reason is that Samsung believes that efforts in the field of electric vehicles will not bring sustainable profits. As a leading component supplier to the electric vehicle industry, Samsung also wants to avoid potential conflicts with customers.

Refer to Gizchina

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