Panasonic delays production of new Tesla battery to improve performance

SAN FRANCISCO/TOKYO: Panasonic said on Wednesday that it will delay the commercial production of its 4680 battery cells championed by Tesla CEO Elon Musk and begin operations during the April to September period in 2024, later than previously scheduled, as the company aims to improve their performance.

"Mass production rescheduled to begin during 1H FY3/25 to introduce performance improvement measures that will further enhance competitiveness," Panasonic said on its earnings presentation materials, referring to the first half of the fiscal year ending March 2025. Tesla executive Drew Baglino said at a recent conference call that the company plans to steadily ramp production of 4680 battery cells ahead of Cybertruck production next year. Tesla currently uses the cells in a base Model Y.

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