Panasonic weighs options over Tesla new battery production

This comes after Tesla unveiled a plan to expand output and halve the price of EV batteries.Battery is one of the most costly component of electric vehicles.
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| Updated on: 23 Sep 2020, 03:47 PM
FILE PHOTO: A Tesla car is charged at a super-fast multi-charging power column in Bonn, Germany (REUTERS)
FILE PHOTO: A Tesla car is charged at a super-fast multi-charging power column in Bonn, Germany (REUTERS)

Panasonic Corp is studying options for new electric car battery production with partner Tesla after the US carmaker unveiled a plan to expand output and halve the price of the key auto component, the Japanese firm said on Wednesday.

"We are considering a variety of options, but nothing has been determined at this time," a Panasonic spokeswoman said after Tesla Chief Executive Elon Musk outlined his plans in the closely watched "Battery Day" presentation.

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"We value our relationship with Tesla and look forward to enhancing our partnership."

First Published Date: 23 Sep 2020, 03:45 PM IST
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