Panasonic unveils prototype battery for Tesla

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A person is seen subsequent to Panasonic Corp’s brand at Panasonic Heart in Tokyo, Japan, February 2, 2017. REUTERS/Kim Kyung-Hoon

TOKYO, Oct 25 (Reuters) – Panasonic unveiled on Monday a extra superior prototype battery that has 5 occasions the storage capability of present ones, with the corporate’s battery chief saying it would assist deepen enterprise ties with U.S. electrical automobile maker Tesla Inc.

Throughout a media roundtable the place Kazuo Tadanobu unveiled the brand new battery for the primary time, he additionally stated Panasonic had no plans to make cheaper Lithium Iron Phosphate (LFP) electrical car batteries.

Panasonic this 12 months established a check line in Japan to make the 4680 format (46 millimetres large and 80 millimetres tall) battery cell that Tesla says will retailer extra vitality, halve battery prices and drive a 100-fold improve in battery manufacturing by 2030.

“Now we have developed this due to the sturdy need of the opposite get together, and we expect this may solely result in stronger ties,” Tadanobu stated.

Panasonic’s dedication to deepening enterprise ties with Tesla comes because the EV maker diversifies its suppliers past the Japanese firm, forging provide contracts with South Korea’s LG Power Resolution, owned by LG Chem , and China’s Modern Amperex Expertise Co (CATL) .

Reporting by Tim Kelly; Modifying by Christopher Cushing and Ana Nicolaci da Costa


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