Panasonic will continue to make Tesla batteries for the next three years

The renewal of the contract could be extended and even later go on to the founding of a new joint venture to manufacture batteries.

The US company has requested Panasonic to continue manufacturing and supplying the battery cells to supply the Gigafactory, located in Sparks, Nevada.

This plant is responsible for producing the electric motors and batteries that drive the Tesla Model 3, as well as the Powerwall and Powerpack technology, which correspond to solar energy storage units, for home use or for business.

The agreement, signed last April, will last three years, although with the promise of ensuring a long-term relationship. This means that there is a possibility that both Tesla and Panasonic are interested in creating a joint venture, dedicated to developing and improving batteries to optimize their performance.

With this new agreement, Panasonic would expand its production in the Tesla Gigafactory, in order to achieve the objective of producing a total of 105 GWh of cells and 150 GWh of battery packs, and thus avoid a possible shortage of components as has happened. with some other brands.

Author: Nabeel K

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