The Traderszone Network

Published in TZ Latest News 23 May, 2014 by The TZ Newswire Staff

Panasonic aims to be sole producer in Tesla’s U.S. mega-factory

Panasonic Corp said it expected to become the sole manufacturer in Tesla Motors Inc’s planned multibillion-dollar U.S. battery factory, firming up its commitment to the electric car maker’s project. The Japanese electronics conglomerate had until this week made only cautious comments about Tesla’s plans, for which the carmaker is seeking total investment of around $3 billion in addition to the $2 billion it has pledged to contribute directly.

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