04 Nov '13, 7pm

Tesla signs deal for 2 BILLION battery cells from Panasonic, enough to quintuple EV production

Tesla signs deal for 2 BILLION battery cells from Panasonic, enough to quintuple EV production

How many barrels of oil will these batteries save over their life? Tesla Motors and Panasonic inked a deal in 2011 for enough battery cells to build approximately 80,000 cars over 4 years. That's a lot of electric cars , and a lot of batteries, but those numbers look small compared to the new agreement that was just signed. Tesla is already on track to build more than 20,000 Model S electric sedans this year, and that's despite having only recently started to sell them in international markets. Within a few years, they'll not only sell the Model S all around the world and will have many more Supercharger stations everywhere to entice buyers, but they'll also have the Model X as well as their third generation platform that will be much more affordable and produced in larger numbers (no name yet, but it should be in the $30k range). This will require a lot more batteries, he...

Full article: http://www.treehugger.com/cars/tesla-signs-deal-2-billion...

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