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Friday 12 April 2019

Tesla and Panasonic reported to be reconsidering Gigafactory expansion plans

Earlier this week, Nikkei reported that Tesla and Panasonic have suspended plans to expand the capacity of Gigafactory 1. The two companies had planned to increase capacity at the Nevada plant by about 50 percent by 2020, but financial problems have forced them to put those plans on hold, the newspaper said.

Panasonic will “study additional investments over 35 GWh,” the Japanese company told Bloomberg, apparently meaning that it will consider ongoing demand before deciding when or whether to expand production capacity beyond the current 35 GWh.

“Panasonic will also suspend its planned investment in Tesla’s integrated automotive battery and EV plant in Shanghai,” Nikkei reported. “Instead, it will provide technical support and a small number of batteries from the Gigafactory. Tesla is committed to buying batteries for the cars built at the Shanghai factory from a number of makers.”

 Read more on chargedevs.com


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