Samsung Becomes Tesla Cars' Eyes As It Will Now Supply Camera Modules To Elon Musk's EV Company
Portfolio Pulse from Rounak Jain
Samsung Electronics has won a contract to supply camera modules to Tesla Inc. This is the second major win for Samsung in the EV space this year, following a contract to supply chips for Tesla's Level-5 autonomous driving vehicles. The camera modules will be used in Tesla's Full Self-Driving technology. Samsung is now a key supplier for Tesla, replacing LG Innotek as the lead camera module supplier.
September 05, 2023 | 11:15 am
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Samsung's contract to supply camera modules to Tesla strengthens its position in the EV space and could boost its revenues.
Samsung's contract with Tesla to supply camera modules is a significant win for the company. This could lead to increased revenues and a stronger position in the EV space, which is expected to grow rapidly in the coming years.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tesla's partnership with Samsung for camera modules could enhance its Full Self-Driving technology and give it a competitive edge in the EV market.
Tesla's partnership with Samsung for camera modules could enhance its Full Self-Driving technology. This could give Tesla a competitive edge in the EV market, as autonomous driving is a key feature that many consumers are looking for in electric vehicles.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100