Tesla has found a partner for its plan to mass produce batteries for electric vehicles: Panasonic.
The companies announced Thursday that Panasonic (PCRFF) will contribute an undisclosed sum to a proposed "Gigafactory," the location of which has yet to be announced. Panasonic will also make and supply cylindrical lithium-ion cells to be assembled into batteries at the factory, and the two companies will set up a supply network for the materials used at the plant.
Panasonic partners with Tesla on Gigafactory - Jul. 31, 2014
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