Tesla Model 3 is expected to drive Panasonic’s battery sales to double in three years, says...

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The Tesla Model 3’s $35,000 price tag will be enabled in part due to a significant reduction in battery cost through the automaker’s partnership with Panasonic on the Gigafactory in Nevada. While Tesla owns and operates the giant battery factory, Panasonic is still in charge of battery cell production at the plant, which Tesla then uses to make battery packs for its vehicles.

With the strong demand for Tesla’s vehicles, Panasonic now says that it expects its battery sales to double within the next 3 years – or after the first full planned year of Model 3 production. more…

Filed under: Cars, Tesla Tagged: battery, battery cell, Gigafactory, Model 3, model 3 battery, Panasonic, Tesla, Tesla Model 3


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