Arab Today, arab today tesla panasonic team up to build battery plant
Last Updated : GMT 21:34:07
Arab Today, arab today
Arab Today, arab today

Tesla, Panasonic team up to build battery plant

Arab Today, arab today

Arab Today, arab today Tesla, Panasonic team up to build battery plant

Tesla
California - UPI

Japanese electronics giant Panasonic will partner with U.S. car maker Tesla to build its battery factory, but has refused to divulge details of the plan.
Panasonic said Thursday it will invest an undisclosed amount in the "Gigafactory" that will be used to purchase equipment, machinery and other tools for the plant, which Tesla estimates will cost $4 billion to $5 billion. Tesla hope to build the factory to supply batteries for its expansion plan that include manufacturing the Model 3, which is expected in three years.
"We haven't decided yet on the specifics of when or how much investment we will be making," said Panasonic Chief Financial Officer Hideaki Kawai.
"The Gigafactory represents a fundamental change," said J.B. Straubel, Tesla's chief technical officer. "Not only does the Gigafactory enable capacity needed for the Model 3, but it sets the path for a dramatic reduction in the cost of energy storage across a broad range of applications."
Panasonic and Tesla signed a letter of intent in May and Thursday's announcement is seen as the next step in this partnership. Tesla already has an agreement with the Japanese company to provide two billion battery cells through 2017.
Tesla is yet to announce the location of its "Gigafactory" but the shortlisted U.S. states have already started attempts to attract the car maker. The shortlist includes California, Nevada, Arizona, New Mexico and Texas.

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 tesla panasonic team up to build battery plant Arab Today, arab today tesla panasonic team up to build battery plant

 



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 tesla panasonic team up to build battery plant Arab Today, arab today tesla panasonic team up to build battery plant

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
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 Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
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