Panasonic Corp plans to exit solar cell production at Tesla Inc's New York plant, the latest sign of strain in a partnership where Panasonic's status as the U.S. electric vehicle maker's exclusive battery supplier nears its end.
The move increases uncertainty over Tesla's solar business which is already under scrutiny, having been drastically scaled back since the U.S. firm bought it for US$2.6 billion in 2016.Tesla has informed New York that Panasonic's withdrawal"has no bearing on Tesla's current operations", the state said in a statement.
It is also another sign of a fraying partnership with the U.S. EV maker, which is set to diversify its battery supplies to include South Korea's LG Chem Ltd and China's Contemporary Amperex Technology Ltd . In the solar business, low demand from Tesla has left Panasonic sending most of the cells it makes in Buffalo to overseas clients, instead of selling them to Tesla for its trademark Solar Roof - cells designed to resemble regular roof tiles - as initially intended.
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