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.
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