K. Holt writes in Engadget on Panasonic battery production for Tesla.
- Panasonic will begin producing the 4,680 lithium-ion battery in 2024.
- This battery is twice the size of what Tesla currently uses, meaning fewer battery packs being needed per car which could lower costs and increase range.
- Private-sector innovation is key to a clean energy future.
“The company was said to be investing approximately 80 billion yen (around $694 million) into production equipment. It started working on the battery following a request from Tesla, though it may sell the 4,680 to other automakers.”
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