31 Oct '13, 1pm

Panasonic and Tesla Reach Agreement to Expand Supply of Automotive-Grade ... - Green Energy News

October 31 , 201 3 – Vol.18 No.33 . Panasonic and Tesla Reach Agreement to Expand Supply of Automotive-Grade Battery Cells Panasonic Corporation and Tesla Motors have reached an agreement in which Panasonic will expand its supply of automotive-grade lithium-ion battery cells to Tesla. With this agreement, the two companies update and expand their 2011 arrangement to now supply nearly 2 billion cells over the course of four years. The lithium-ion battery cells purchased from Panasonic will be used to power the award winning Model S as well as Model X, a performance utility vehicle that is scheduled to go into production by the end of 2014. This agreement builds upon a multi-year collaboration between Panasonic and Tesla to develop next-generation automotive-grade battery cells and accelerate the market expansion of electric vehicles. Panasonic's cells combined with Tesla's ...

Full article: http://www.green-energy-news.com/nwslnks/clips1013/oct130...

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