[TechWeb] according to media reports, LG Innotek will provide Tesla, Inc. with electronic cameras worth more than 1 trillion won, and the supply contract will be completed and mass production will begin within the first quarter.

It is reported that the camera will be installed on Tesla, Inc. 's Model Y and Model 3 in North America and Europe, as well as the upcoming electric truck semi. With Tesla, Inc. 's Texas super factory about to begin operation, the company has ordered large parts to diversify the supply of key components for electric vehicles.

According to another report, if the supply contract is completed in the first quarter, LG Innotek will become Tesla, Inc. 's core parts supplier, and the production is expected to take place at its Mexican plant. LG Innotek has been supplying Tesla, Inc. since last year, but the supply is only tens of billions of won. If this contract is successfully completed, the transaction volume will be 10 times that of last year.

At present, South Korean companies are gradually taking more and more share in Tesla, Inc. 's parts supply chain. Last year, Tesla, Inc. signed a 490 billion won camera module supply contract with Samsung Electric. Although affected by the shortage of semiconductors, Tesla, Inc. is increasing the production of electric vehicles every year, and the production capacity is expected to double to 2 million this year.