The South Korean company is weighing a $10B plan to use new facilities to boost its battery cell manufacturing capacity to about 100 GWh by 2025, a move that would challenge sector leaders including Tesla.
Panasonic Mining News
Panasonic already makes money on batteries for the Model S and Model X, which it produces domestically.
Panasonic Corp. is taking steps to help Elon Musk solve the “production hell” problem that has plagued the car that’s key to making profits.
Being home to Europe’s biggest rock collection has finally come in handy for Sweden
Panasonic said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba.
The U.S. decision last month to launch a Renewable Energy and Energy Efficiency Export initiative should turn out to be yet another boon for lithium producers, who are or will be trying to sell into a growing lithium ion battery market for technological and electric car uses.