Search Results Found For: "panasonic"

Tesla and Panasonic sign new three-year battery supply deal

Lately it’s seemed that the relationship between Tesla and Panasonic might have hit a rocky patch. The two companies have been partners at Tesla’s Nevada Gigafactory since the beginning, but more recently, they’ve been seeing other people. Last year, Tesla said Panasonic’s battery cell production was constraining Model 3 production. In February, the carmaker announced… Read more »

LG Chem deployed more battery capacity than Panasonic in Q1 2020

In the first quarter of 2020, EV battery suppliers deployed 20.5 GWh of capacity globally, down from 26.5 GWh in the fourth quarter, and 20.9 GWh during the first quarter of 2019, according to data from Adamas Intelligence’s EV Battery Capacity and Battery Metals Tracker. After losing the top spot to LG Chem in January… Read more »

Toyota and Panasonic to launch battery company

Toyota and Panasonic will establish Prime Planet Energy & Solutions, a joint venture specializing in automotive prismatic lithium-ion batteries. Scheduled to launch on April 1, 2020, Prime Planet Energy & Solutions will employ approximately 5,100 people, and will supply batteries not only to Toyota but also to other customers. In addition to producing prismatic batteries,… Read more »

Is the honeymoon over for Tesla and Panasonic?

The relationship between Tesla and Panasonic has been a rocky one from the start. When Gigafactory 1 was in the planning stages, the Japanese giant waffled about how much it planned to invest, causing TSLA stock to gyrate. Panasonic doesn’t seem to have prospered from the partnership – the conglomerate’s battery unit is reported to… Read more »

Elon Musk: Model 3 production constrained by Panasonic battery cell capacity

After Tesla and Panasonic announced that they were freezing expansion plans for the Nevada Gigafactory, several news outlets reported that the partners had postponed expansion because of shrinking demand for Tesla’s vehicles, but to the best of our knowledge, none presented any evidence that this was the reason for the decision. Now Elon Musk says… Read more »

Tesla and Panasonic reported to be reconsidering Gigafactory expansion plans

Earlier this week, Nikkei reported that Tesla and Panasonic have suspended plans to expand the capacity of Gigafactory 1. The two companies had planned to increase capacity at the Nevada plant by about 50 percent by 2020, but financial problems have forced them to put those plans on hold, the newspaper said. Panasonic will “study… Read more »

Honda and Panasonic experiment with battery swapping for electric motorcycles

Honda and Panasonic plan to conduct an experiment with battery swapping in Indonesia, using the Honda Mobile Power Pack with electric motorcycles. The project is to begin in December. As the third-largest motorcycle market in the world, Indonesia is dealing with massive air pollution as traffic increases. To address this issue, the Indonesian government has… Read more »

Toyota, Nissan, Honda, Panasonic partner to develop solid-state batteries

Japan’s New Energy and Industrial Technology Development Organization (NEDO) has launched a public-private project to develop solid-state battery technology. Some 23 companies, including Panasonic, Toyota, Nissan and Honda, are involved. The group has set 2022 as the target date to develop core solid-state technologies, and ultimately aims to lower battery pack cost to $90 per… Read more »

Toyota and Panasonic explore joint prismatic battery development

Toyota and Panasonic have agreed to begin studying the feasibility of a joint automotive prismatic battery business. Panasonic has positioned lithium-ion batteries as one of its key businesses, and its automotive batteries are used by many automakers worldwide. Toyota, maker of the Prius hybrid and the Mirai fuel cell vehicle, has been a holdout when… Read more »

Panasonic expects to turn a profit on Model 3 battery cells by next year

Panasonic’s new 2170 Li-ion battery cells, which it manufactures at Tesla’s Gigafactory 1 in Nevada, are a key component of the new Model 3. The Japanese manufacturer says it is now supplying the batteries at a loss, but expects to turn a profit next year. “For battery cells for the Model 3, costs outweighed profit… Read more »