news

Tesla, Panasonic Confirm Joint ‘Gigafactory’ Battery Plant Investment

Electric carmaker Tesla and technology giant Panasonic have officially announced an agreement for a shared large-scale battery factory to be built in the US. Tesla announced its intentions to build a ‘Gigafactory’ a while back, but a c


Electric carmaker Tesla and technology giant Panasonic have officially announced an agreement for a shared large-scale battery factory to be built in the US.

Tesla announced its intentions to build a ‘Gigafactory’ a while back, but a co-investent with Panasonic was not believed to form part of the carmaker’s initial plans.  

Just days after announcing the pair would share a supply of battery cells and future technical development, details of the combined manufacturing facility are now out in the open.

The agreement states that Tesla will prepare, provide and manage the land, buildings and utilities, while Panasonic takes care of manufacture and supply along with the associated costs.

MORE:Tesla Showroom
MORE:Tesla News
MORE:Tesla Reviews
MORE:Search Used Tesla Cars for Sale
MORE:Tesla Showroom
MORE:Tesla News
MORE:Tesla Reviews
MORE:Search Used Tesla Cars for Sale
Chat with us!







Chat with Agent