Panasonic CEO says the company may partner Tesla again for Gigafactory in China
In a disclosure at Japanese battery manufacturer Panasonic’s recent earnings call, CEO Kazuhiro Tsuga said that the company can potentially enter into a partnership with US electric vehicle maker Tesla for building a Gigafactory in China.
The move hinted by Tsuga would mark progress in the existing association between Panasonic and Tesla, especially with both the companies having worked together on massive manufacturing projects in the past.
Panasonic-manufactured battery cells have been long in use by Tesla for its electric vehicles (EVs). With a large part of Panasonic’s battery cell sales coming from Tesla, the operating profit of Panasonic is projected to record an 11.7 percent increase to 425 billion yen ($3.87 billion) over the next one year.
Panasonic had teamed up with Tesla in 2013 for the construction of the Tesla Gigafactory 1 located in Nevada. At that Gigafactory, Panasonic produces battery cells for the Tesla Model 3 electric vehicle.
In addition, Panasonic was also contracted by Tesla for handling the production of solar cells and modules at Gigafactory 2 located in Buffalo.
With Panasonic already having a significant involvement in Tesla’s EV manufacturing effort, Tsuga hinted at a possible team-up between the two companies for Tesla’s planned Gigafactory in China, and said: “As already reported, Tesla could in the future launch full-fledged production in China – and we could produce jointly.”
In a move which will enable BMW to support the production of its new iX3 electric SUV, the German automaker has recently announced a new expansion of its battery factory in China.
German automaker Audi has released new images of its forthcoming all-electric e-tron quattro SUV, to highlight the vehicle’s towing capacity. The e-tron quattro SUV is scheduled for an official launch by the automaker by the end of 2018.
In a recent announcement, US electric-scooter company Razor has said that it has launched its new electric scooter share service in Long Beach, after having received a permit from the city to operate the service.
Japanese electronics giant Panasonic has recently disclosed it is planning a 30 percent increase in the production of battery cells at Tesla Gigafactory 1 by the end of year 2018.
According to a recent confirmation by German automaker BMW via Reuters, the company has signed a battery-supply contract with Chinese battery manufacturer CATL.
According to a recent confirmation by German automaker BMW, the company’s new forthcoming all-electric iX3 SUV, which was unveiled earlier in 2018, will be a China-manufactured vehicle that will be exported to other markets.