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Tesla and Panasonic Enter Deal to Boost Battery Production

Electric-car maker Tesla Motors Inc. said it entered an agreement with electronics giant Panasonic Corp. to boost the supply of lithium-ion batteries to meet the increased production of Tesla’s current and coming vehicles.

The deal continues a long collaboration between the companies aimed at developing advanced automotive battery cells that could help expand the market for electric vehicles. The Palo Alto, Calif., car company said it will use the batteries to power its Model S sedan and the Model X, a performance SUV it expects to begin building by the end of next year.
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