The car industry is reinventing the wheel to prepare for autonomous vehicles.
Japan’s Sumitomo Rubber Industries Ltd., whose roots stretch back to when Henry Ford was building his Model T, is developing a “smart tire” that can monitor its air pressure and temperature and eventually respond by itself to changes in road conditions.
Carmakers have disclosed more than $14 billion in investments in autonomy and mobility companies since 2010, according to data compiled by BloombergNEF. Toyota Motor Corp. tops that list at about $3 billion. Positioned on the four edges of the vehicle, the lamps will be able to process information and react, such as by illuminating poorly lighted crossings, signaling pedestrians that it’s safe to cross, and raising an alarm to surrounding drivers by flashing a specific color.
The Tokyo company, founded in 1907 as Asahi Glass Co., is designing windows with built-in antennas for 5G wireless connections, enabling cars to send and receive signals with other vehicles and infrastructure. AGC’s customers include Toyota, Tesla Inc. and Sony Corp., according to data compiled by Bloomberg.
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