31 Jul '14, 3pm

It's happening! Tesla & Panasonic ink $200-300 million Gigafactory deal!

It's happening! Tesla & Panasonic ink $200-300 million Gigafactory deal!

Under the terms of the agreement, “Tesla will prepare, provide and manage the land, buildings and utilities. Panasonic will manufacture and supply cylindrical lithium-ion cells and invest in the associated equipment, machinery, and other manufacturing tools based on their mutual approval.” The Gigafactory will be managed by Tesla with Panasonic being the principal partner responsible for manufacturing lithium-ion battery cells, the production of which will take up approximately half of the planned manufacturing space. Other key suppliers and Tesla’s own battery pack assembly line will occupy the rest of the Gigafactory floorspace.

Full article: http://inhabitat.com/tesla-motors-and-panasonic-sign-mult...

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Panasonic and Tesla Sign Agreement for the Giga...

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Official – Panasonic Signs on Tesla Gigafactory Project -

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