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Panasonic and Tesla partner for “gigafactory”

Wed, 07/30/2014 - 10:53 -- Laura Varriale
Tesla EV

Panasonic is to supply and install battery machinery to Tesla Motor’s planned large-scale lithium-ion battery plant.

Panasonic will likely invest up to ¥30 billion ($294.7m) initially, according to a Nikkei report. Tesla aims to begin building the plant this year and to start making lithium-ion cells in 2017.

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