Categories

A sample text widget

Etiam pulvinar consectetur dolor sed malesuada. Ut convallis euismod dolor nec pretium. Nunc ut tristique massa.

Nam sodales mi vitae dolor ullamcorper et vulputate enim accumsan. Morbi orci magna, tincidunt vitae molestie nec, molestie at mi. Nulla nulla lorem, suscipit in posuere in, interdum non magna.

Panasonic And Tesla In Talks To Build A $1 Billion Car Battery Factory

tesla model s supercharger station 2

William Wei, Business Insider

Japan’s Panasonic and California-based electric-vehicle venture Tesla Motors are in talks to build a $1 billion automotive battery plant in the United States, a report said Wednesday.

The electronic giant is inviting several other Japanese materials makers to join the project, with the aim of lowering manufacturing costs of the lithium-ion batteries used in electric vehicles, the respected Nikkei daily said, without citing sources.

Batteries currently represent a big chunk of the final cost of an electric car, and slashing prices is key to making the technology more acceptable to consumers.

The new facility, expected to handle everything from processing raw materials to assembly, is intended to go on stream in 2017 and to produce small, lightweight batteries for Tesla and possibly for Toyota Motor and other automakers, the Nikkei said.

Tesla wants to bring electric vehicles down into the same price range as their gasoline-burning cousins, while also planning to make home-use batteries for grid storage, it said.

Panasonic has worked with Tesla on developing next-generation auto batteries and last year expanded the contract to supply lithium-ion units to the firm to about two billion cells until 2017.

More businessinsider.com

Share

Leave a Reply