July 18 news, according to foreign media reports, earlier this month, sources revealed that Samsung Electro-Mechanics beat LG Innotek and ZhiXin Electronics in the bidding for a large order for Tesla’s camera module, the order amount is expected to be 4 trillion – 5 trillion won, that is, in the 3.2-4 billion U.S. dollars.
And foreign media reports also show that after the new big order of more than $ 3 billion, Samsung Electro-Mechanics will also replace LG Innotek to become Tesla’s largest camera module supplier.
Foreign media reports mentioned in the report, to last year Tesla required camera modules, 70% is supplied by LG Innotek, and Samsung Electric supplied the remaining 30%. But the industry chain sources revealed that after getting new orders, Samsung Electro-Mechanics supply will be close to 80%, LG Innotek’s supply will drop to 20%.
In the field of camera modules, Samsung Electro-Mechanics has not been involved for a long time. Foreign media reports mentioned that Samsung Electro-Mechanics only entered the camera module field in 2010. With the decline in the price of smartphone camera modules, Samsung Electro-Mechanics began to focus on more profitable automotive camera modules in 2020.
As an important manufacturer under Samsung, Samsung Electro-Mechanics also supplies camera modules to Samsung Electronics for the Galaxy series of smartphones, and they received 498 billion won in orders from Samsung Electronics last year alone.
From what sources have revealed, according to the agreement reached between the two companies, the camera modules Samsung Electro-Mechanics supplies to Tesla will be used in all of their models in production, that is, Model 3, Model Y, ModelS and Model X will be used, but also in the Cybertruck, an electric pickup truck, and the Tesla Semi, an electric truck, both of which are not yet in production of electric vehicles.
