Got it. It would makes sense over time for auto makers like GM to make investments or go beyond non-exclusive partnerships at some point as the use of carbon-fiber becomes more prevalent in automobiles. Better economies, I would think.
Beth, Teijin didn't want to divulge any more details. However, reading between the lines, the fact that the company opened a separate pilot plant in Japan, mentioned in the last paragraph, not related to the GM deal, makes me think the GM pact is more of a co-development relationship and non-exclusive, although there's been no mention of either exclusivity or non-exclusivity. Other statements in press releases and on Teijin's site sound like they want to make their material in high volumes for the auto industry as a whole.
This appears to be a significant commitment on GM's part to advance the use of carbon-fiber composites in their product development and manufacturing processes. At some point, it would seem logical that the other automotive giants will do the same. Perhaps then, it's the tipping point?
Ann, do you happen to know if this an exclusive partnership with Tejin or is that company able to forge similar partnerships with other auto makers?
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