Panasonic Sinks $30 Million Into Tesla, Begs For An Earlier Model S Build

Okay, Lipo battery pack so executives at Panasonic in all probability aren’t in any huge hurry to get ahead within the lengthy, lengthy watch for a Model S, but a $30 million gift could probably get ‘em just that. Panny has this week sunk quite a few bills into Tesla by the use of a common stock buy, and whereas the two have expressed fondness for each other earlier than, this sort of investment does not occur with no severe tie-up being in the works. After all, Panasonic just so occurs to be the planet’s main battery cell producer, and as of now, it’s being known as Tesla’s «most well-liked lithium ion battery-ion battery cell supplier for its battery packs.» So yeah, you understand the place to look first when issues start overheating, melting or spontaneously erupting in flames.

Panasonic Invests $30 Million in Tesla: Companies Strengthen Collaborative Relationship

PALO ALTO, Calif.–(Business WIRE)– Panasonic Corporation and Tesla Motors (NASDAQ:TSLA) at present introduced that Panasonic has invested $30 million in Tesla. For those who have almost any concerns relating to wherever and also how to utilize Lipo battery dealer, lipo battery dealer you are able to contact us from our own site. The investment was made by the acquisition of Tesla common stock in a non-public placement at a worth of $21.15 per share. The funding builds upon a multi-yr collaboration of the 2 corporations to accelerate the market expansion of the electric car. Panasonic is the world’s leading battery cell producer. A various supplier to the global automotive trade. Tesla at present uses Panasonic battery cells in its advanced battery packs. Has collaborated with Panasonic on the development of subsequent generation battery cells designed specifically for electric autos. While Tesla’s present battery strategy incorporates proprietary packaging using cells from a number of battery suppliers, Tesla has selected Panasonic as its preferred lithium-ion battery cell provider for its battery packs.

«Panasonic aims to be the primary Green Innovation Company in the Electronics Industry by 2018, the one centesimal anniversary of our founding,» stated Naoto Noguchi, President of Energy Company, a unit of Panasonic chargeable for LiFePO4 battery the battery cell enterprise. «Our sophisticated lithium-ion battery cell technology, mixed with Tesla’s market-main EV powertrain expertise, helps us fulfill this objective by selling sustainable mobility. We’re proud to strengthen our relationship with Tesla Motors. Tesla CEO. Cofounder Elon Musk. «Panasonic presents the highest vitality-density cells and trade-leading efficiency with innovative Nickel-sort cathode expertise. We imagine our partnership with them will enable us to additional enhance our battery pack while decreasing price.»

Along with producing its own vehicles, Tesla additionally builds electric powertrains, together with battery packs, for other car manufacturers. Panasonic and Tesla intend to discover joint advertising and gross sales of battery packs that would be designed and assembled by Tesla using Panasonic’s battery cells.

About Panasonic

Panasonic Corporation is a worldwide chief in the development and manufacture of electronic products for a wide range of consumer, business, and industrial wants. Based in Osaka, Japan, the corporate recorded consolidated net gross sales of 7.42 trillion yen (US$79.4 billion) for the 12 months ended March 31, 2010. The corporate’s shares are listed on the Tokyo, Osaka, Nagoya and New York (NYSE:Pc) inventory exchanges. For more info on the corporate and the Panasonic brand, visit the company’s web site at http://panasonic.internet/.

About Tesla Motors

Tesla’s goal is to supply a full vary of electric vehicles, from premium sports vehicles to mass market autos – relentlessly driving down the price of electric autos. It is currently the one automaker within the U.S. that builds and sells highway-capable EVs in serial manufacturing. Palo Alto, Calif.-based Tesla designs and manufactures EVs and EV powertrain components. Tesla has delivered greater than 1,300 Roadsters to clients in North America, Europe and Asia. The Tesla Roadster accelerates sooner than most sports activities cars but produces no emissions. Visit Tesla online at www.teslamotors.com.