REUTERS: Panasonic Corp is studying further investments in battery production at its gigafactory joint venture with Tesla Inc, the company said, responding to a media report that the two companies had frozen previous investment plans.
Giving no details of its sources, Nikkei reported earlier on Thursday that financial issues had led Tesla and Panasonic to rethink plans to expand the capacity of Gigafactory 1 by another 50 percent next year, having invested US$4.5 billion in the plant.