Jun 25, 2021 - 03:24 pm
Panasonic sells Tesla stock for $3.6 billion
The Japanese battery manufacturer Panasonic has sold its stake in Tesla for 3.6 billion dollars (the equivalent of about three billion euros). A good deal, because the company bought 1.4 million Tesla shares for around 30 million dollars more than ten years ago.
May 11, 2021 - 02:18 pm
Battery production at Gigafactory 1 turns first profits
Panasonic has presented its business figures for the 2021 financial year that ended at the end of March. The production of battery cells with Tesla in the Gigafactory 1 in Nevada was profitable for the first time over the entire financial year.
Jan 5, 2021 - 04:34 pm
Panasonic & Tesla reach deal on Japanese battery cells
Tesla has reached a new pricing agreement with its longtime partner Panasonic on battery cells manufactured in Japan for the period Oct. 1, 2020, through March 31, 2022, according to a now-released filing with the U.S. Securities and Exchange Commission.
Dec 29, 2020 - 02:22 pm
Panasonic to launch 4680 cell production in 2021
Panasonic wants to start the production of prototypes of the new 4680 battery cell presented by Tesla at Battery Day as early as 2021. Production is most likely to take place in the company’s Nevada Gigafactory.
Nov 18, 2020 - 04:22 pm
Panasonic looks to Norway for European battery production
Panasonic has signed a memorandum of understanding (MoU) with the energy company Equinor and the industrial group Norsk Hydro to explore the possibilities for building a “sustainable and cost-effective European battery business” for electric vehicles, likely in Norway.
Oct 31, 2020 - 02:44 pm
Panasonic to develop new 4680 battery cell for Tesla
Panasonic is working on the development of a new battery cell for Tesla, based on the new 4680 format presented by Tesla at ‘Battery Day’. The South Korean battery company LG Chem, who similarly supplies Tesla, is also developing a new round cell that is very similar to the key data of the new Tesla […]
Oct 28, 2020 - 03:16 pm
Prime Planet to increase cell production efficiency
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.
Oct 7, 2020 - 02:16 pm
Prime Planet to make batteries for hybrids from 2022
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.
Sep 9, 2020 - 02:37 pm
Good year for South Korean battery production
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.
Aug 20, 2020 - 01:22 pm
Panasonic boosts Tesla battery production with $100M
The Tesla-Panasonic partnership is warming with expansion and cell innovation underway. The Japanese company will invest 100 million dollars at the Gigafactory 1 in Nevada to set up another production line to increase capacity by 10 per cent.
Jun 17, 2020 - 03:51 pm
Tesla & Panasonic renew 3-year cell supply agreement
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.
May 19, 2020 - 03:54 pm
Tesla & Panasonic battery cell factory profitable
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.
Feb 12, 2020 - 12:58 pm
Tesla to set up pilot production line for battery cells
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.
Nov 25, 2019 - 03:29 pm
Panasonic will not build new battery factory for Tesla in China
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.
Sep 9, 2019 - 04:24 pm
R&D break-through: Tesla battery making looks likely
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.
Aug 25, 2019 - 03:48 pm
Tesla to buy batteries from LG Chem for China Model 3
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.
Jun 27, 2019 - 05:31 pm
Further rumours of Tesla’s own battery production
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.
May 16, 2019 - 06:16 pm
India: Nymbus charging network launched
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.
Apr 25, 2019 - 04:14 pm
Panasonic considers producing 2170 cells in Japan
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.
Apr 15, 2019 - 02:08 pm
Gigafactory: Musk says 35 GWh not yet achieved
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.
Apr 11, 2019 - 06:13 pm
Gigafactory 1 expansion on ice?
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.
Feb 28, 2019 - 12:26 pm
Honda to present near-serial Urban EV for Europe
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.
Feb 5, 2019 - 12:18 pm
Tesla saves Panasonic business margins
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.
Jan 23, 2019 - 04:48 pm
Japanese alliance for procuring cobalt resources
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.
Jan 21, 2019 - 04:07 pm
Toyota and Panasonic detail battery joint venture
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.