Panasonic says reviewing further investment in Tesla Gigafactory

  • 📰 Reuters
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Panasonic Corp is studying further investments in battery production at its Giga...

- Panasonic Corp is studying further investments in battery production at its Gigafactory venture with Tesla Inc, the company said, responding to a media report that the two companies had frozen previous plans.

The paper said the companies had earlier planned to expand the plant’s capacity to the equivalent of 54 gigawatt hours a year by 2020, up from 35 GWh at present. “Watching the demand situation, Panasonic will study additional investments over 35GWh in collaboration with Tesla.”The two companies had not made public any detailed investment plans for the site, although Panasonic saidin July last year it would consider further investment in the Gigafactory if requested by the U.S. electric carmaker.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Tesla recently acquired Maxwell which is a battery company. Doesn’t anyone connect the basic dots. Tesla is moving away from the partnership with Panasonic because they are developing better batteries with Maxwell. Panasonic knows this, thus paused investment.

Elin needs all the help he can get. He is manic!

She says, 'You used to meet me on the east side.' He says,... Well, I think it's supposed to be the same lyric but fucked if I can understand him with whatever is going on in his mouth. Batteries are harmful, kids.

Economic downturn on Horizon..🤔

I don’t get it. Panasonic is worried about slowing Tesla sales right? But if they could make more and better batteries for electric vehicles wouldn’t cost go down allowing for a larger consumer market? Note- i know nothing about real economics so please don’t curb stop me

That’s cool but can I get one of these lol. I was attracted like a magnet when I seen this yesterday.

Actually Panasonic hasn't commented on this story, neither has Tesla.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Despite a bad quarter, Tesla is singlehandedly growing the sluggish electric-car marketTesla's growth, especially in the US, has been spectacular given that there's been almost no change to automaker market share for a decade. techinsider That’s just one of the reasons why I love Tesla tesla ElonMusk SAI Toyota Prius Prime was the best purchase decision I made
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stocks making the biggest moves premarket: Tesla, JetBlue, Costco, Marriott, Stitch Fix & moreSome of the names on the move ahead of the open.
Source: CNBC - 🏆 12. / 72 Read more »

We rode in an electric truck from Thor, a start-up that aims to beat Tesla to marketThor Trucks' electric semis can haul 80,000 pounds of cargo and travel up to 300 miles on a single charge. CNBC praises this vehicle but bad mouths Tesla! Good work ! We also use InstaCryptoNews for fresh news I’m a Tesla 💯 but I love innovation. Well done 👍🏾
Source: CNBC - 🏆 12. / 72 Read more »