Samsung Electro-Mechanics confirms they are in talks with Tesla over camera module deal

Samsung Electro-Mechanics confirmed earlier today that the company is in talks with Tesla to supply camera modules to the auto manufacturer.

According to Reuters, Samsung did not confirm the size of the deal or the number of camera modules they could supply.

In June, Samsung Electro-Mechanics was rumoured to have won a multi-billion dollar camera module deal to supply Tesla.

If the deal comes to fruition, Tesla will be receiving the Samsung 4.0 camera modules.

At the time, the deal was reported to be worth somewhere between $3.2 billion to $4 billion.

In a regulatory filing, Samsung Electro-Mechanics confirmed it would continue to work on advancing and diversifying its camera modules.

However, the filing did not provide any additional details.

One has to wonder if this is linked to the news around potential Cybertruck production we told you about earlier today, or if Tesla is looking to secure additional camera modules to support current production.

Are you buying a Tesla? If you enjoy our content and we helped in your decision, use our referral link to get three months of Full Self-Driving (FSD).
Previous Article

Tesla Supercharger in Sechelt under construction [British Columbia]

Next Article

China may extend EV tax break as it tries to spur car sales

You might be interested in …

charging station

Parkland to build this ‘Electric Charging Destination of the Future’ in British Columbia

Parkland Corporation announced today it intends to build the ‘Electric Charging Destination of the Future’ in British Columbia, revealing a stunning concept design. The company developed the concept following an international design competition held in […]

lucid

Lucid misses with Q4 and 2022 financial results, reservations continue to drop but production guidance increases

Lucid has published its Q4 2022 and full year financial results and with only slightly exceeding their slashed production guidance the automaker’s revenue was lower than Wall Street expectations. On a positive note Lucid says […]