Arab Today, arab today panasonic plans battery mega factory with tesla
Last Updated : GMT 21:46:51
Arab Today, arab today
Arab Today, arab today

Panasonic plans battery mega factory with Tesla

Arab Today, arab today

Arab Today, arab today Panasonic plans battery mega factory with Tesla

Tokyo - AFP

Japan's Panasonic and California-based electric-vehicle venture Tesla Motors are in talks to build a $1 billion automotive battery plant in the United States, a report said Wednesday. The electronic giant is inviting several other Japanese materials makers to join the project, with the aim of lowering manufacturing costs of the lithium-ion batteries used in electric vehicles, the respected Nikkei daily said, without citing sources. Batteries currently represent a big chunk of the final cost of an electric car, and slashing prices is key to making the technology more acceptable to consumers. The new facility, expected to handle everything from processing raw materials to assembly, is intended to go onstream in 2017 and to produce small, lightweight batteries for Tesla and possibly for Toyota Motor and other automakers, the Nikkei said. Tesla wants to bring electric vehicles down into the same price range as their gasoline-burning cousins, while also planning to make home-use batteries for grid storage, it said. Panasonic has worked with Tesla on developing next-generation auto batteries and last year expanded the contract to supply lithium-ion units to the firm to about two billion cells until 2017. Contacted by AFP, Panasonic said it is "studying every possible way to strengthen ties with Tesla", without confirming the report. Panasonic shares jumped more than 5 percent in Tokyo morning trade. But analysts expressed caution on the reported project. "The story is just a talking point," Advanced Research Japan analyst David Rubenstein told Dow Jones Newswires. "Panasonic's margins on its battery business are razor-thin, so it's little more than wishful thinking that this kind of project, if true, would actually add meaningfully to its bottom line."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today panasonic plans battery mega factory with tesla Arab Today, arab today panasonic plans battery mega factory with tesla

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today panasonic plans battery mega factory with tesla Arab Today, arab today panasonic plans battery mega factory with tesla

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday