As per the Nikkei report, the new battery will add to the attractiveness of the EV as it will increase the cruising range by about 20 percent. “The company is considering various options for mass production. These include a test production line. However, the company is not making any announcements yet,” Panasonic said in a statement sent to Reuters. The new battery could also help Tesla reduce production costs.
Panasonic will manufacture these batteries at its plant in Wakayama, western Japan. It has a capacity of less than 10 GW per annum, which is equivalent to about 150,000 vehicles. Panasonic is the sole supplier of advanced batteries for Tesla. This battery is used in Tesla’s expensive models. Tesla, the largest maker of electric cars, is trying to increase its suppliers of batteries. For this, it is looking for suppliers in China and some other countries.
Tesla delivered 9,36,172 electric cars and crossovers to customers worldwide last year, its highest ever total sales volume. Tesla’s plants in Fremont and California and Shanghai in China produced 3,05,840 units in the last quarter of last year and 9,30,422 units for the full year. Tesla reported that it delivered 3,08,600 units in the fourth quarter of last year. Growth in this was largely contributed by the Model Y hatchback and Model 3 sedan. The Model S and Model X crossovers, priced at around $100,000, have less to do with it. The company does not provide sales figures by region. However, China is an important market for its volume growth. It is also exported from China’s plant to Europe and other markets. The company’s quarterly delivery figures are up almost 70 percent compared to a year ago
(This news has not been edited by NDTV team. It has been published directly from Syndicate feed.)<!–
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