Panasonic is investing $700 million to develop Tesla 4680 battery cell by 2023

Panasonic is investing 0 million to develop Tesla 4680 battery cell by 2023

According to a new report, Panasonic is investing $700 million to deliver Tesla’s 4680 battery mobile at a factory in Japan by 2023.

Tesla is getting ready to commence production of its first auto making use of its 4680 battery cell, a new tab-considerably less battery mobile in a even larger structure with new chemistry unveiled in 2020.

For the to start with time, the automaker ideas to generate its very own cells to aid its electric powered car or truck production.

On the other hand, Tesla is going to require so a lot of cells that it is also partnering with existing battery suppliers to deploy their personal output of the new 4680 cell.

Panasonic, Tesla’s oldest battery husband or wife, has tentatively announced that it would be deploying a prototype generation line for the new battery cell.

Later, Panasonic’s new CEO, Yuki Kusumi, mentioned that it is ready to make a “large investment” in manufacturing Tesla’s new battery cell if check generation proves productive.

In October 2021, the Japanese maker unveiled its have 4680 mobile formulated with Tesla.

Now a new report from Nikkei Asia statements now that Panasonic has environmentally friendly-lighted an 80 billion yen ($705 million) expense at its Wakayama manufacturing unit in Japan to make the 4680 mobile for Tesla.

Panasonic didn’t want to remark on the report and mentioned that it is continue to concentrated on its test generation line:

We are studying different choices for mass creation, such as a take a look at production line we are developing this business enterprise year. We do not, nonetheless, have just about anything to announce at this time.

The report claimed that Panasonic was planning a manufacturing output of much less than 10 GWh at the plant.

At an typical pack dimension of 60 kWh, that is more than enough to make in excess of 150,000 cars for each yr.

Having said that, it is predicted that Panasonic could also deploy new creation lines for the 4680 cells at other factories, such as opportunity GIgafactory Nevada wherever the organization by now produces 2170 cells for Tesla’s Design 3 and Product Y cars produced at Fremont manufacturing facility.

Alongside with Panasonic, LG, Samsung, and CATL have all also indicated that they goal to generate 4680 cells for Tesla.

Along with its very own battery cell production, which is getting deployed at Gigafactory Texas, Berlin, and Shanghai, Tesla reported that it will get every single battery cell it can from suppliers for the foreseeable long term.

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