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Panasonic and Tesla produce EV batteries

14 Oct 2015
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Panasonic and Tesla produce EV batteries

The Gigafactory will manage Tesla with Panasonic responsible for lithium-ion battery cells. All the key suppliers will be combined with Tesla's module and pack assembly. Tesla will buy the space for this complex, build the factory and pay the Gigafactory’s utilities. Panasonic will manufacture and supply cylindrical lithium-ion cells, as well as the equipment, machinery and tools to manufacture the batteries.

Yoshihiko Yamada, Executive Vice President of Panasonic said, "We have already engaged in various collaborative projects with Tesla toward the popularization of electric vehicles. Panasonic’s lithium-ion battery cells combine the required features for electric vehicles such as high capacity, durability and cost performance. And I believe that once we are able to manufacture lithium-ion battery cells at the Gigafactory, we will be able to accelerate the expansion of the electric vehicle market."

Consumers find the cars expensive and worry about their driving range. Other new ventures are working to expand the number of charging stations and to reduce the manufacture the batteries to less than 30 minutes.

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