Verified Sep 2026
Electronics & Software
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Yokohama, Japan
·
Since April 2022
Panasonic Automotive Systems Co., Ltd. (PAS) is a global Tier-1 supplier of in-vehicle infotainment, head-up displays, active noise control, and xEV charging systems, headquartered in Yokohama, Japan. Incorporated in April 2022 as a carve-out from Panasonic Holdings, it is majority-owned by Apollo Global Management since December 2024 and will rebrand as Mobitera Inc. effective April 1, 2027.
PAS (Mobitera) at a glance
Revenue
€7.2B
FY2025 · Berylls estimate
Employees
~21,000
Consolidated · as of March 2026
Founded
April 2022
Automotive electronics lineage: 1980s
Headquarters
Yokohama, Japan
Ownership
Majority: Apollo Global Management (since Dec 2024) · Minority: Panasonic Holdings
Certifications
ISO/SAE 21434
PASEU · TÜV NORD · May 2025
Import activity
35,004
US import shipments on record · Most recent Sep 16 · 2026
Known customers
Toyota (RAV4 IVI, 2026) · Mazda (CX-5 Cockpit Domain Controller, 2026) · Nissan (Elgrand ANC system, 2026) · Lexus
LM rear display
Industries
Automotive
Electric Vehicles
Electronics
Sourcing and import activity
From US customs bill-of-lading records through September 2026
US sea imports
35,004
Named foreign suppliers
Top origins
Asia Pacific (primary)
Most recent shipment
Sep 16, 2026

Shared foreign counterparties do not establish that these companies buy from PAS (Mobitera).
What this tells a buyer
PAS's SkipGen IVI platform simultaneously supports multiple voice assistants (Siri and Alexa) on one head unit -- a capability that positions it for OEMs navigating competing tech-partner relationships without locking into a single ecosystem.
The Apollo partnership, closed December 2024 at ~JPY 311B enterprise value, signals a private-equity-backed growth phase focused on software capability and cockpit compute -- a profile that typically accelerates procurement decisions and R&D investment timelines.
The pending Mobitera rebrand (April 2027) is the public signal of a strategic break from the Panasonic conglomerate identity, with all global subsidiaries adopting the new name simultaneously -- a full operating-company repositioning, not just a marketing update.
Source: US customs bill-of-lading records, company public disclosures, and Berylls by AlixPartners 2026 study · Last verified Sep 2026
STABILITY SIGNALS
Established & active
~€7.2B in automotive-sector revenue (FY2025, Berylls estimate); majority acquired by Apollo Global Management in December 2024 at ~JPY 311B enterprise value.
35,004 US import shipments on record through September 2026, most recent September 16, 2026 -- consistent active inbound supply chain.
ISO/SAE 21434 cybersecurity certification (TÜV NORD, May 2025); ~21,000 consolidated employees (March 2026); manufacturing in Japan, Mexico, Malaysia, Thailand, Czech Republic.
What PAS (Mobitera) makes
Panasonic Automotive Systems Co., Ltd. (PAS) develops, manufactures, and sells electronics and software systems for the vehicle cockpit, driver assistance, and electrification. Its principal product families span four domains: in-vehicle infotainment, head-up displays, audio and active noise systems, and xEV-related hardware.
The in-vehicle infotainment (IVI) lineup is the company's best-known franchise. PAS describes itself as a market leader in IVI and supplies integrated touchscreen systems, cloud-connected navigation, hands-free communication hardware, and voice-activation platforms to original equipment manufacturers globally. Its SkipGen IVI architecture allows simultaneous access to multiple voice assistants -- Siri and Alexa on a single head unit -- and its high-performance compute (HPC) platform can drive up to fifteen screens from one controller, a design the company says reduces wiring harness size and cuts OEM production costs.
Head-up displays, premium audio systems, and active noise control (ANC) and active sound control (ASC) technology round out the cockpit portfolio. In September 2026, PAS announced what it describes as the world's first integrated ANC system covering both road and engine noise simultaneously in series-hybrid vehicles, first adopted by Nissan in its all-new Elgrand. The company's cybersecurity franchise, branded VERZEUSE, draws on over 30 years of embedded-device security experience applied from consumer electronics into the vehicle domain. PAS is one of a small number of automotive suppliers with a dedicated vehicle security operations center (V-SOC) network covering Japan, the Americas, and Europe.
On the electrification side, the company makes on-board charger (OBC) systems and xEV-related devices, which sit alongside the cockpit business as a stated growth priority under the Apollo partnership. The global manufacturing footprint includes plants in Japan (Matsumoto, Tsuruga, Shirakawa, Kusatsu, Matsusaka), Mexico (Reynosa, Monterrey), Malaysia, Thailand, and the Czech Republic, with engineering and sales offices in Germany, India, China, and the United States.
Financial performance
Berylls by AlixPartners ranked PAS 47th globally among Tier-1 automotive suppliers by revenue in its 2026 study, attributing approximately EUR 7.2 billion in automotive-sector revenue to FY2025 (Berylls forecast basis; the figure covers the PAS group perimeter, listed separately from Panasonic Holdings). PAS does not publish standalone audited financials as a listed entity; the figure is a Berylls sector-specific estimate used for ranking purposes.
The company has approximately 21,000 consolidated employees as of March 2026, per its own Sustainability Data Book 2025. Its operational scale includes manufacturing in at least seven countries and R&D centers across Japan, the Americas, and Europe. In March 2024, Panasonic Holdings and Apollo Global Management announced a transaction to transfer majority ownership of PAS to Apollo-managed funds, at a total enterprise value of approximately JPY 311 billion (subject to adjustment at closing). The transaction closed in December 2024. Panasonic Holdings retains a minority stake and a continuing procurement and research relationship.
PAS is incorporated as a Japanese stock corporation (kabushiki kaisha), founded in April 2022 as a legal carve-out from Panasonic Holdings. In practice its automotive systems lineage traces to Panasonic's original vehicle electronics work, which began in the 1980s.
Ownership and history
Panasonic's automotive electronics business operated for decades inside the Panasonic conglomerate before being carved out as Panasonic Automotive Systems Co., Ltd. in April 2022. The separation was part of Panasonic Holdings' reorganization into distinct operating companies. At incorporation the company was wholly owned by Panasonic Holdings.
In March 2024, Panasonic Holdings and Apollo Global Management (NYSE: APO) announced a share purchase agreement transferring a majority stake in PAS to funds managed by Apollo affiliates, at a total enterprise value of approximately JPY 311 billion. The transaction represented Apollo's fourth private equity investment in Japan and closed in December 2024. Under the new structure, PAS operates as an independent company with Apollo as the majority owner and Panasonic Holdings retaining a significant minority stake.
In December 2025, PAS announced it will rename itself Mobitera Inc., effective April 1, 2027. The rebrand covers the parent and all affiliated subsidiaries globally, including entities in the US, Mexico, Germany, the Czech Republic, Thailand, Malaysia, and India. The name fuses "mobility," the Latin "iter" (path), and the Japanese "terasu" (to illuminate). The current operating name remains Panasonic Automotive Systems Co., Ltd. until the April 2027 effective date.
Headquarters are at 4261 Ikonobe-cho, Tsuzuki-ku, Yokohama, Kanagawa, Japan.
Certifications and quality
Panasonic Automotive Systems Europe GmbH received ISO/SAE 21434 certification from TÜV NORD in May 2025, becoming the first automotive supplier in Germany to hold a DAkkS-accredited certificate under that standard. ISO/SAE 21434 governs cybersecurity engineering for road vehicle electrical and electronic systems across the vehicle lifecycle. The company's VERZEUSE cybersecurity product line and its V-SOC operations are positioned as the commercial expression of this capability.
The company's Sustainability Data Book states that manufacturing sites operate under an environmental management system and references GRI Standards reporting. The company received an ECCJ Chairman's Award recognized in the sustainability data book. The company's European subsidiary operates under quality and cybersecurity management systems aligned with automotive sector norms; specific IATF 16949 scope and certificate dates for individual manufacturing sites are not published on the company's English-language website as of September 2026.
Known customers
PAS supplies IVI and cockpit systems to major global OEMs across multiple program generations. Per the company's own newsroom, documented recent wins include:
Toyota Motor Corporation adopted a PAS in-vehicle infotainment system in its all-new RAV4, per a March 2026 press release. Mazda selected a PAS Cockpit Domain Controller for the all-new CX-5, per a July 2026 press release. Nissan adopted a PAS-developed integrated ANC system for both road and engine noise in its all-new Elgrand series-hybrid, described as a world first, per a September 2026 announcement.
The company also references customer relationships spanning multiple decades with leading auto manufacturers, consistent with its position supplying the Lexus LM's 48-inch rear display system (referenced in company content), and IVI programs for a broad set of global brands. Individual program details beyond what the company itself publishes are not included here.
Recent news
September 2026 -- PAS announced development of what it calls the world's first integrated active noise control system for both road and engine noise in series-hybrid vehicles, with Nissan's all-new Elgrand as the first adoption (company press release).
July 2026 -- Mazda selected a PAS Cockpit Domain Controller for its all-new CX-5, per a company press release.
December 2025 -- PAS announced the Mobitera rebrand, with the name change effective April 1, 2027. All domestic and overseas consolidated subsidiaries will adopt the new Mobitera naming convention on the same date (company announcement, December 16, 2025).
Frequently asked questions
What does Panasonic Automotive Systems make?
Panasonic Automotive Systems (PAS) develops and manufactures in-vehicle infotainment systems, head-up displays, active noise and sound control systems, vehicle cybersecurity technology, and on-board charger systems for electric vehicles. Its IVI systems are installed across major global OEM brands. The company is renaming itself Mobitera Inc. effective April 1, 2027.
Who owns Panasonic Automotive Systems?
Apollo Global Management funds acquired a majority stake in PAS in December 2024, at a transaction enterprise value of approximately JPY 311 billion. Panasonic Holdings Corporation retains a significant minority stake. PAS had been incorporated as an independent operating company in April 2022, carved out from Panasonic Holdings as part of a broader group reorganization.
What is Panasonic Automotive Systems' revenue?
Per the Berylls by AlixPartners 2026 Top-100 Automotive Suppliers study, PAS generated approximately EUR 7.2 billion in automotive-sector revenue in FY2025 (Berylls forecast basis; listed separately from the Panasonic Holdings group). The company does not publish standalone audited annual financials as a listed entity. It has approximately 21,000 consolidated employees as of March 2026.
Where is Panasonic Automotive Systems headquartered?
PAS is headquartered at 4261 Ikonobe-cho, Tsuzuki-ku, Yokohama, Kanagawa, Japan. It also has a major Yokohama-area site at 600 Saedo-cho. Manufacturing operations run across Japan, Mexico, Malaysia, Thailand, the Czech Republic, and other locations, with engineering and sales offices in Germany, India, China, and the United States.
Who are Panasonic Automotive Systems' customers?
PAS supplies cockpit and infotainment systems to major global automakers. Documented recent program wins per the company's own releases include Toyota (RAV4 IVI, March 2026), Mazda (CX-5 Cockpit Domain Controller, July 2026), and Nissan (Elgrand series-hybrid ANC system, September 2026). The company also references a rear-seat display system in the Lexus LM. It describes customer relationships spanning multiple decades across leading global OEMs.
Last verified September 2026. Is this your company? Request a correction.
Leadership
Masashi Nagayasu
Representative Director, President and CEO
Location & contact
Certification
ISO/SAE 21434
Cybersecurity Management System for road vehicles — Panasonic Automotive Systems Europe GmbH
Certified May 2025
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