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 »
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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 »
Celgard to work with Panasonic on next-generation battery cells
Celgard, a subsidiary of Polypore International (NYSE: PPO) and Panasonic have agreed to work together to develop coated and uncoated Celgard brand separators for Panasonic’s next-generation cylindrical battery cells. Upon completion of the development effort, the two firms expect to form a long term supply agreement. A battery separator provides a barrier between the anode… Read more »
Panasonic partners with Powertree to deploy charging stations with solar power and energy storage
Panasonic Enterprise Solutions has partnered with Powertree Services to build 68 EV charging stations at multi-unit residential properties in San Francisco. Each is part of a system that includes solar panels and battery storage. The installation will not only provide charging for vehicles, but also solar power to the buildings and load-balancing services to the… Read more »
It’s official: Panasonic will make major investment in Tesla’s Gigafactory (Updated)
Originally posted 7/29/2014 Panasonic has reached a basic agreement to participate in Tesla’s Gigafactory. The battery-maker will likely invest 20-30 billion yen ($194-291 million) initially, according to Nikkei. Tesla plans to start construction this fiscal year, and to begin producing battery cells in 2017. The Californians will foot the bill for the land and buildings, and… Read more »
Panasonic expects to be the sole manufacturer in Tesla Gigafactory
Tesla’s Gigafactory will be a game-changer for the automotive industry, and as Tesla’s main battery supplier, Panasonic will be a key participant. As prospects for the massive battery plant have brightened and dimmed, not only the EV press but the major news outlets have been following the saga with keen interest. The latest news is… Read more »
Polypore to supply Celgard Li-ion battery separators to Panasonic
Polypore International (NYSE:PPO) has announced that its Celgard subsidiary has entered into a five-year supply agreement with Panasonic under which the Japanese battery behemoth will purchase Celgard brand separators to be used in its large-format lithium-ion batteries. Separators are critical components of a Li-ion battery, providing a barrier between the anode and the cathode while… Read more »
Panasonic to take a step by step approach to investment in Tesla Gigafactory
Pour the Champagne back into the bottle for now – reports that Panasonic had committed to investing a bundle in Tesla’s Gigafactory turn out to have been premature. President Kazuhiro Tsuga told reporters in Tokyo this week that the company plans to move cautiously to reduce its risk. “Our approach is to make investments step… 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 »