Tesla’s new 4680 cell features a new chemistry that promises to boost efficiency and reduce costs. Now Panasonic says it is investing heavily in the development of the new cell, and plans to start mass production as early as 2023. The new cell is about twice the size of Tesla’s current 2170 cell, but has… Read more »
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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 »
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 »
Musk: Panasonic will be exclusive battery supplier for Model 3
Tesla has a long-standing relationship with Panasonic, as a battery supplier and a partner in the Gigafactory. So EV-savvy ears perked up at news that the California carmaker had met with a trio of Korean battery-builders. In fact, Reuters reported that Samsung SDI was “making progress” in talks with Tesla to supply batteries for Model… Read more »
Panasonic will spend up to $1.6 billion on Tesla gigafactory
Panasonic has been involved with Tesla’s Gigafactory from the beginning of the project, but until now, it hasn’t said exactly how much it plans to invest. Now Panasonic President Kazuhiro Tsuga has told Marketwatch that the company will invest up to $1.6 billion, hoping to secure its future in automotive electronics. Sales to carmakers represented… Read more »
Panasonic shutters Beijing battery factory to focus on high-end market
Battery behemoth Panasonic has announced that it will stop making lithium-ion batteries at its factory in Beijing, eliminating 1,300 jobs. A sign of waning demand for EVs? Nope, just the opposite. The 15-year-old plant produces batteries for mobile phones and digital cameras, and Panasonic plans to move away from these products (which are steadily being… Read more »
Lux Research: LG Chem threatens Panasonic’s position as world’s top EV battery supplier
Japanese giant Panasonic is by far the largest automotive batter supplier at the moment, with a 39% market share. According to a new report from Lux Research, it will probably hang onto that position, increasing its share to 51% as EV batteries grow to a $30-billion market by 2020. However, there’s a real possibility that… Read more »
Panasonic and Tesla to expand supply of battery cells
Panasonic and Tesla have updated and expanded an existing agreement under which the Japanese giant supplies automotive-grade lithium-ion battery cells to the Silicon Valley trendsetter. The new arrangement calls for Panasonic to supply nearly two billion cells over the course of four years, both for Model S and the new Model X, which is scheduled… Read more »