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 »
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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 »
EV sales surge puts Panasonic battery division back in the black
Panasonic’s lithium-ion battery division is seeing a dramatic turnaround, mostly thanks to healthy sales of Tesla’s Model S, according to Lux Research. In the second quarter of 2013, the Li-ion division made about $40 million in profits, compared to a loss of $20 million in Q2 2012. Panasonic plans to invest $200 million over the… Read more »
Panasonic to supply lithium-ion cells for Ford’s hybrid stable
Upcoming models that will use Panasonic cells include the Fusion and C-Max hybrids, as well as the Fusion Energi and C-Max Energi PHEVs.
Panasonic to provide power for plug-in Prius
Panasonic announced today that it will supply lithium-ion batteries for Toyota’s new Prius PHEV. The company is already supplying nickel-metal hydride batteries to several automakers, but this will be the first time its lithium-ion offerings appear in a production vehicle. The Japanese electronics giant is charging ahead in the battery business, with a major R&D… Read more »
Panasonic to supply battery cells for Tesla’s Model S
Two major EV pioneers have announced another chapter in their partnership, an agreement under which Panasonic will supply Tesla Motors with lithium-ion battery cells for Tesla’s new Model S. Panasonic is a major investor in Tesla, and the two companies have worked closely together to develop an EV-optimized battery cell based on nickel-type cathode technology…. Read more »
Redwood Materials to receive $2-billion DOE loan, begins production of anode foil
Redwood Materials, the battery recycling firm headed by Tesla alum JB Straubel, has received conditional commitment for a $2-billion loan from the DOE’s Loan Program Office as part of the Advanced Technology Vehicles Manufacturing Loan Program (ATVM). Redwood will draw upon this financing in tranches to support the phased construction and expansion of its battery… Read more »