panasonic aims to move tesla auto partnership beyond batteries: ceo - lithium ion battery for solar street light

OSAKA (Reuters)-
Panasonic aims to expand its cooperation with electric vehicle manufacturer Tesla Motors to battery and self
As the Japanese conglomerate continues to shift its focus to the automotive business, technological advances are being made.
The electronics maker puts automotive applications at the center of a growth strategy aimed at low cost for corporate customers
Consumer goods with low profit margins
Asian competitors have weakened the dominance of Japanese companies.
Panasonic is the exclusive supplier of Tesla Model S, Model X and the upcoming mass market Model 3 battery, and plans to contribute $1.
6 billion of Tesla's $5 billion battery factory.
"We are interested in Tesla's self.
"Driving systems," chief executive kazuiro Tsuga said in an interview on Thursday.
"We hope to expand our cooperation by jointly developing devices such as sensors.
A candidate would be like this.
Panasonic is currently developing a CMOS image sensor called organic photoelectric film, which can achieve high
Tsuga says there is no distortion in the speed sensing of moving objects.
Panasonic aims to add this technology to the automotive industry, including cockpit display and navigation systems.
Target annual sales of 2 trillion yen ($17. 43 billion)
In the year ended March 2019, from 1.
3 trillion yen for the year ended March 2016.
In addition to cars, Panasonic and Tesla are working together in the solar sector.
The Japanese company said last month that it plans to invest 30 billion yen in Tesla's photovoltaic plant (PV)
Units and modules. ($1 = 114. 7600 yen)