Major electronics manufacturer Sharp has unveiled the concept model of its first electric vehicle. The move into EVs is part of the company’s efforts to develop new business fields.
The van-type model taps into Sharp’s technologies and has a wider space in the rear of the vehicle that replicates a living room. It has a large LCD screen to allow passengers to watch movies.
Sharp is working with parent company Hon Hai Precision Industry of Taiwan to develop its EV strategy. It aims to enter the electric vehicle market in a few years.
Sharp says it will combine artificial intelligence with its expertise in home appliances to develop the vehicle’s lighting and air conditioning.
The company is moving into new business fields to offset declines in its traditional markets. Sharp has logged a net loss the past two years due to a slump in its mainstay LCD panel business.