Mexican Media Brands
Panasonic Expects Profit Soon For Tesla Battery Plant
Panasonic Corp. expects it will soon earn a profit on its investment in Tesla Inc.’s Gigafactory battery plant in Nevada.
#hybrid #economics
Share
Panasonic Corp. expects it will soon earn a profit on its investment in Tesla Inc.’s Gigafactory battery plant in Nevada.
President Kazukiro Tsuga tells Bloomberg News that the company already earns a profit on batteries it makes in Japan for Tesla’s Model S sedan and Model X crossover electric vehicles. The company told reporters earlier this week that its Tesla operations will begin to contribute profit during the current quarter.
Panasonic’s investment in the factory will exceed 200 billion yen ($1.8 billion) by the time the facility reaches its phase-one capacity of 35 gigawatt-hours. That level of cell output would be enough to make more than 400,000 EV batteries per year.
Tsuga tells Bloomberg that Panasonic will have 13 production lines in operation at the Gigafactory by the end of this year. That’s enough to reach the 35 gigawatt-hour target.
The Nevada facility is intended primarily to supply Tesla’s new Model 3, the company’s first mass-market EV. The carmaker has struggled for more than a year to overcome production snags but ramped up Model 3 output significantly in October.
RELATED CONTENT
-
On Zeekr, the Price of EVs, and Lighting Design
About Zeekr, failure, the price of EVs, lighting design, and the exceedingly attractive Karma
-
On Military Trucks, Euro Car Sales, Mazda Drops and More
Did you know Mack is making military dump trucks from commercial vehicles or that Ford tied with Daimler in Euro vehicle sales or the Mazda6 is soon to be a thing of the past or Alexa can be more readily integrated or about Honda’s new EV strategy? All that and more are found here.
-
Special Report: Toyota & Issues Electric
Although Toyota’s focus on hybrid powertrains at the seeming expense of the development of a portfolio of full battery electric vehicles (BEVs) for the market could cause some concern among those of an environmental orientation, in that Toyota doesn’t seem to be sufficiently supportive of the environment, in their estimation. Here’s something that could cause a reconsideration of that point of view.
