Panasonic Will Invest $700 Million To Make Next-Generation Batteries For Tesla

  • 📰 cleantechnica
  • ⏱ Reading Time:
  • 66 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

Panasonic will invest $700 million to expand a factory in Japan to produce 4680 battery cells for Tesla products.

developed by Tesla. When completed, the factory will be capable of producing about 10 gigawatt-hours per year of the new batteries, enough to power about 150,000 electric vehicles. That is about 20% of the company’s total battery manufacturing capacity from its factories in Japan, the US, and other countries.

The 4680 batteries cost 10% to 20% less to manufacture and have about a 15% higher energy density than the lithium-ion batteries that Tesla has been using to date. The extra energy density means a Tesla Model S would have a range of 750 kilometers, versus 650 kilometers today. Panasonic says the first batteries should be produced early next year.

“We are studying various options for mass production, including a test production line we are establishing this business year. We don’t, however, have anything to announce at this time,” Panasonic said in athis week. Panasonic also expects to find other customers for the large format batteries in China and other global markets. Not only are the larger cells less costly to manufacture, they are also easier to fit to the chassis of an electric vehicle, which further lowers production costs.

The rest of the industry is not standing still. CATL, LG Energy Solutions, SK Innovation, and many other battery companies are plowing billions of dollars into new manufacturing facilities. It may be that one day someone will come up with a new battery technology that doubles energy density but costs half as much to manufacture. Until that day arrives, however, a 15% improvement in energy density at a 20% reduction in cost is remarkable news.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

And Tesla will pay $$$$ billions to Panasonic to pay for the investment.......

interesting panasonic

“The 4680 batteries cost 10 - 20% less to manufacture and have about a 15% higher energy density than the lithium-ion batteries that Tesla has been using to date, which means a Tesla Model S would have a range of 750 kilometers, versus 650 km now.”

Actually, Panasonic sells to anyone. It’s a standard, not proprietary.

Planned redesign to accommodate new batteries 🔋

That 4680 is THICC.

I thought we were already on our way to making these? are we now waiting for Panasonic to start manufacturing these to use them?

They need Nickel for those batteries. $TLOFF TalonMetals

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 565. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Panasonic will reportedly start mass producing next-gen Tesla batteries in 2023Tesla also hopes to produce the batteries in-house. Panasonic lives another day Kabse sun raha hoon yaar, hun start vi kardeyo Ok
Source: verge - 🏆 94. / 67 Read more »

Panasonic's higher-capacity Tesla battery could enter production in 2023 | EngadgetThe 4680 cells could boost EV ranges by over 15 percent and reduce costs.. Higher capacity is good. Fast charge times would be better. Spending 5 minutes 0-100%, not hours. Part of the reason I’m waiting a few years to buy a Tesla (or any EV) oh and the fact of affordability
Source: engadget - 🏆 276. / 63 Read more »

EV Makers’ Next Headache: Scarce Battery Chemicals, Made in ChinaHeard on the Street: The lithium used to make batteries for EVs is getting dear; but that is only the leading edge of the supply-chain problem Heard on what street? Abbey Road? MINE THE OCEAN JUST OFF THE CALIFORNIA OR MDW YORK COAST depending on another country for our transportation fuel is a long-standing idea that has worked out really well for us
Source: WSJ - 🏆 98. / 63 Read more »

National Science Foundation Awards $29 Million In New Cybersecurity ScholarshipsIn exchange for receiving a scholarship, students will agree to work in cybersecurity jobs for federal, state, local or tribal governments after their graduation
Source: Forbes - 🏆 394. / 53 Read more »

2022 Ford Bronco Raptor, 2023 Audi Q6 E-Tron, Devel Sixteen: Today's Car NewsThe Bronco flagship, Audi's next EV, and a 5,000-hp hypercar all made headlines today.
Source: motorauthority - 🏆 61. / 68 Read more »

Elon Musk’s “Fanboy” Bet Nearly Everything On Tesla—And Made BillionsWhen the March 2020 crash prompted a fire sale, Leo Koguan risked much of what he had left on Tesla options. He’s now worth more than $8 billion. Good on him, he saw an opportunity So a billionaire made billions, how surprising اللهم صلِّ على محمد وعلى آل محمد كما صليت على إبراهيم وعلى آل إبراهيم إنك حميد مجيد، اللهم بارك على محمد وعلى آل محمد كما باركت على إبراهيم وعلى آل إبراهيم إنك حميد مجيد
Source: Forbes - 🏆 394. / 53 Read more »