If rumors are to be believed, LG Display will supply information displays for Tesla Motors new Model 3 sedans. According to an insider close to the company, the main aim of the project is to grab a key contract for center consoles from another supplier.
With over 130,000 people ordering the electric car in a couple of hours from the launch, the success of the vehicle priced at $35000 is critical to the Silicon Valley automaker’s growth plans.
Touted to a big feather in LG Display’s product catalog, the company is gearing towards expanding into auto electronics which offer higher margins and more stable earnings prospects than consumer products.
Featured with a huge tablet like information screen on the center console, the Model 3 prototype reflects the trend towards bigger in-car displays that offer more features.
According to unconfirmed sources, LG Display is a sole supplier for the 15-plus inch centre display of Model 3. Moreover, another leading undisclosed company is providing centre information displays for Tesla’s Model S and Model X.
more recommended stories
Alcatel A310 tablet with 10-inch display now available on Flipkart
Alcatel has released Alcatel A310 tablet.
Priyanka Anand Appointed Head of Human Resources for Ericsson in South East Asia, Oceania & India
In a significant development, Priyanka Anand.
Skoda Kodiaq L&K Edition Launched With Enhanced Features
Skoda is gearing up to showcase.
BSNL introduces STV 99 and STV 219 plans
BSNL has announced STV 99 and.
Redmi Note 5 Vs Redmi Note 5 Pro: What’s the difference?
Xiaomi launched the much-awaited Redmi Note.
LG Judy with Snapdragon 845 processor to unveil in June 2018
With just a few days left.