Panasonic is considering re-establishing a super battery factory in China with Tesla

Panasonic is considering re-engaging with Tesla or participating in vehicle production to build a super battery factory in China. The following is a small series of content about Panasonic is considering to cooperate with Tesla again, if interested you can find out.

As an important member of the first two super battery factories in Tesla, Matsushita recently said that it is considering re-establishing a super battery factory in China with Tesla.

According to foreign media, as an important member of the first two super battery factories in Tesla, Matsushita recently said that it is considering re-establishing a super battery factory in China with Tesla.

As a Tesla exclusive car battery supplier, Panasonic currently produces batteries for Tesla cars in Japan and the United States. In January 2016, Panasonic and Tesla jointly invested $5 billion to build a super battery factory (Giga factory) in Nevada, becoming the world's largest automotive battery factory, which has been put into production. In addition, starting in the summer of 2017, Panasonic also produces solar cells for Tesla's partner Solar City at Giga factory in Buffalo, New York.

In 2017, Tesla confirmed to establish a production base in cooperation with the Shanghai government, but the plan that was supposed to be announced at the end of 2017 did not proceed as scheduled. At CES this week, Panasonic President Matsushita Kazuhiro Tsuka said that the company is currently considering producing batteries for the future Chinese plant in Tesla, which is equivalent to its production in Nevada.

According to Japanese media reports, Jin Heyihong revealed that Tesla lowered its weekly production target for the first quarter of 2018 from 5,000 to 2,500. Affected by this, Panasonic also postponed the original delivery date of the car battery.

Jinhe Yihong said this time, because Tesla has planned to start local production of pure electric vehicles in Shanghai. Panasonic is also considering promoting investment in Chinese factories. Although detailed plans for producing batteries in China have not yet been finalized, Panasonic is already considering the possibility of producing Tesla batteries in China.

It is understood that China is now the largest market for various vehicles such as electric vehicles. In 2016, sales of Tesla in China reached US$1 billion (approximately RMB6.5 billion). Although sales were not announced in 2017, the data indicated that there appeared to be more. This shows that building a factory in China is no different.

Tesla CEO Elon Musk said that the company's Chinese factory will be established within three years, when Panasonic may participate in the production of batteries and vehicles.

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