Prime Planet Energy & Solutions, the battery joint venture between Toyota and Panasonic founded in April 2020, aims to increase the efficiency of its development and production processes tenfold in order to better compete with larger Chinese competitors.
Weiterlesen The battery joint venture between Toyota and Panasonic, Prime Planet Energy & Solutions, is building up capacity to produce batteries for hybrid vehicles. The joint venture is installing a production line for prismatic lithium-ion batteries.
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South Korean electric vehicle battery manufacturers more than doubled their market share between January and July 2020. In general, the market contracted by 16.8 per cent from 64.1 to 53.3 GWh capacity during the first seven months of the year due to corona.
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The Tesla-Panasonic partnership is warming with expansion and cell innovation underway. The Japanese will invest 100 million dollars at the Gigafactory 1 in Nevada to set up another production line to increase capacity by 10 per cent.
Weiterlesen Tesla has signed a new three-year price agreement with Panasonic to manufacture and supply battery cells at Gigafactory 1 in Nevada. The general terms and conditions have also been adjusted in some points as part of the partnership.
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Tesla and Panasonic’s Gigafactory 1 in Nevada was profitable in Q1/2020, the CFO of Panasonic stated in the announcement of the current business figures. The plant, which the partners had begun building in 2014, was in the black for the second consecutive quarter.
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First carmakers announce closures of factories in Europe due to the Coronavirus crisis unfolding on the continent. PSA will lockdown all vehicle production plants in Europe by 27 March and the French carmaker is not the only one.
Weiterlesen Tesla reportedly wants to set up a pilot production line for its own battery cells at their Fremont factory. In addition, the Californian company recently acquired Hibar – a company specializing in the manufacture of production equipment for battery cells.
Weiterlesen The planned battery joint venture between Toyota and Panasonic will be called Prime Planet Energy & Solutions. According to Panasonic, the JV, in which Toyota will hold 51% and Panasonic 49%, is to be established on 1 April 2020.
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According to CEO Kazuhiro Tsuga, Panasonic is not currently planning a new battery cell factory for Tesla in China. Officially, however, it remains open whether Tesla will rely on another manufacturer for the Shanghai plant or imported battery cells from Gigafactory 1.
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Toyota is using Tesla-like Panasonic batteries for its plug-in hybrids in China, meaning cylindrical cells. Still, the batteries are said to differ from Tesla’s, at least in their composition.
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Jeff Dahn and his team, who carry out battery research for Tesla, have published test results for a new battery cell that could have a life of 1 million miles (1.6 million km) and thus be suitable for Tesla’s planned robo taxis. At the same time, Tesla battery cell manufacturing appears to be well underway.
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It appears the rumours were true: Tesla will buy batteries from LG Chem for its electric car production in China. Media agencies cite inside sources confirming the deal that would affect both the Model 3 and future Model Y.
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The Toyota subsidiary Primearth EV Energy, which is also partly owned by Panasonic, is planning to build a fourth factory in China.
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During the telephone conference to announce the latest quarterly figures, Elon Musk also commented on the rumours that Tesla intends to produce its own battery cells in the future: There seem to be delays.
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After the Annual General Meeting in mid-June, there were rumours that Tesla is going to manufacture its own battery cells using the technology acquired through the takeover of Maxwell. Now insiders are describing the existence of some kind of secret battery laboratory.
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Panasonic, in cooperation with SmartE and qQuick, has launched a new EV charging network for India named Nymbus. In the first phase, Panasonic will deploy the service on 150 SmartE electric three-wheelers and on 25 qQuick two-wheelers in the Delhi-NCR region.
Weiterlesen This year, Panasonic could upgrade one of its battery factories in domestic Japan to produce not only the 18650 battery cells for the Tesla Model S and Model X, but also the newer 2170 cells for the Model 3.
Weiterlesen After the latest report that Panasonic and Tesla have halted their plans to expand production capacity for battery cells in Gigafactory 1, Elon Musk has partly contradicted Panasonic’s view of the matter.
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Nikkei suggested yesterday, that Panasonic and Tesla’s plans to increase production capacity for battery cells at Gigafactory 1 have been put on ice due to financial problems at Tesla and uncertainties about future demand. While us and others could but wonder, Panasonic now took a stand that is ambivalent.
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Honda’s first all-electric model for the European market is taking shape. Following the presentation of the Urban EV concept car at the IAA 2017, a near-serial version of the battery electric vehicle will be presented at the Geneva Motor Show coming Tuesday, 5 March.
Weiterlesen Panasonic has lowered its forecast for the 2018/19 fiscal year, which ends in March, following a decline in profits over the winter. However, the Energy division, which also includes the battery business with Tesla, recorded its first operating profit in three quarters at 131 million euros.
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The Japanese car and battery manufacturers Toyota, Honda and Panasonic allegedly plan to jointly procure cobalt for electric car batteries. A joint venture is expected to be established in about one year.
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After Toyota and Panasonic first announced plans a year ago to extend their partnership to the development of new EV batteries with improved prismatic cells, the cornerstones of the future joint venture have now become public.
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UBS analysts have recently come to the conclusion that Tesla Model 3 cells are by far the most cost-effective. Now latest estimates conclude that over 600 million cells of this type have been produced in Gigafactory 1, thus adding up to a total capacity of just under 11 GWh.
Weiterlesen Panasonic aims to boost its lithium-ion battery cell production in China by up to 80% as Beijing’s loosening restrictions prompt foreign players to ride the wave of new-energy vehicles. Earlier this year we reported that Korea’s LG Chem was doing the same with their battery cell production in China.
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Analysts from UBS teamed up with engineers to figure out which electric vehicle batteries made by established manufacturers offer the best value. They concluded that cells made by Panasonic in Tesla’s Gigafactory are 20 per cent more cost efficient than the next best on offer from LG Chem.
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Competing for the top of the battery value chain comes at a cost as the latest earnings of both CATL and Panasonic show. While China’s cell making powerhouse reports a plus 60% in revenue, their profit fell. Panasonic paints a similar picture and in both cases, investments are weighing heavy – for now.
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BYD and Panasonic are currently both calculating the possibilities of setting up a battery factory in the UK. According to media reports, both have each approached the UK government recently about the venture.
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The plan by Tesla’s battery partner Panasonic to set up three new assembly lines in the Gigafactory 1 in Nevada by the end of the year, will likely be completed ahead of schedule. The expansion will increase the production capacity by about 30%.
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