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Business

Panasonic's software speeds development of electric vehicles

Company aims to sell more parts by participating from design stage

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  © Reuters

OSAKA -- Panasonic has developed software that may shorten the development cycle for electric vehicles by as much as half and provide an opening to supply components.

The Japanese company will offer to join with automakers from the design stage, using its system to model performance and estimate characteristics like power consumption and travel range so fewer prototypes need be manufactured and tested. By becoming involved in the development process, Panasonic hopes to create more opportunities to sell batteries and other components for electric vehicles to the world's automakers. The lowered development costs would promote the spread of electric vehicles, leading to even more opportunities for sales.

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