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Cheaper electric cars on the cards as Panasonic starts testing production of new batteries
Panasonic Corp. is renovating a facility in Japan to start testing mass production of a new type of lithium-ion battery that’s championed by Tesla Inc. as the key to unlocking cheaper electric vehicles.
Panasonic will start test production of a next-generation “4680” battery at a facility in Japan’s western Wakayama Prefecture, Chief Financial Officer Hirokazu Umeda said Wednesday at a briefing on the company’s quarterly financial results. The company will also set up a prototype production line for the batteries early this year in Japan.
After the testing, a new mass production line will be set up, likely also in Wakayama, Umeda said.
[Bloomberg]
Panasonic Corp. is renovating a facility in Japan to start testing mass production of a new type of lithium-ion battery that’s championed by Tesla Inc. as the key to unlocking cheaper electric vehicles.
Panasonic will start test production of a next-generation “4680” battery at a facility in Japan’s western Wakayama Prefecture, Chief Financial Officer Hirokazu Umeda said Wednesday at a briefing on the company’s quarterly financial results. The company will also set up a prototype production line for the batteries early this year in Japan.
After the testing, a new mass production line will be set up, likely also in Wakayama, Umeda said.
[Bloomberg]