Submitted by ccbldg on Thu, 2014-07-17 20:45
Electronics giant Panasonic Corp. is teaming with Tesla Motors Inc. to build batteries for the American electric car manufacturer.
Panasonic is expected to sign a contract this month to help Tesla construct a plant and produce batteries for its vehicles.
Initial operations at the plant are scheduled to commence in 2017 and become fully operational by 2020. The facility will produce batteries for 500,000 vehicles annually.