| SEOUL, April 1
SEOUL, April 1 LG Display will
supply information displays for Tesla Motors' new Model
3 sedans, a person with direct knowledge of the matter said,
grabbing a key contract for centre consoles from another
Tesla said on Thursday over 130,000 people had ordered the
electric car in a couple of hours although it is more than a
year away from production. With a $35,000 starting price - less
than half Tesla's Model X - the vehicle is critical to the
Silicon Valley automaker's growth plans.
The order is a feather in LG Display's cap as it seeks to
expand further into auto electronics which offer higher margins
and more stable earnings prospects than consumer products.
The Model 3 prototype features a huge, tablet-like
information screen on the center console, reflecting the trend
towards bigger in-car displays that offer more features.
"LG Display is a sole supplier for the 15-plus inch centre
display of Model 3," said the source, declining to be identified
as he was not authorised to speak on the matter.
Another company currently provides centre information
displays for Tesla's Model S and Model X, he added.
An LG Display spokeswoman declined to comment. A Tesla
spokeswoman did not have immediate comment.
($1 = 1,150.1100 won)
(Reporting by Hyunjoo Jin and Se Young Lee; Editing by Edwina