Mexican Media Brands
Panasonic Expects to Double EV Battery Sales by 2019
Japan’s Panasonic Corp. expects to more than double its automobile battery sales to 400 billion yen ($4 billion) in the fiscal year ending March 23, 2019, from 180 billion yen in the just-completed year.
#hybrid
Share
Japan’s Panasonic Corp. expects to more than double its automobile battery sales to 400 billion yen ($4 billion) in the fiscal year ending March 2019 from 180 billion yen in the just-completed year.
The increase will be driven by an anticipated jump in demand for Tesla Motors Inc.’s electric vehicles with the launch of the upcoming Model 3. Panasonic will be the exclusive supplier of lithium-ion batteries for the $35,000 Model 3, which Tesla aims to introduce by the end of 2017.
Panasonic also confirms it will accelerate its $1.6 billion investment in Tesla's $5 billion "Gigafactory" plant in Nevada. Last month Panasonic said it planned to start making lithium-ion cells for the Model 3 at the facility by November.
RELATED CONTENT
-
Engineering the 2019 Jeep Cherokee
The Jeep Cherokee, which was launched in its current manifestation as a model year 2014 vehicle, and which has just undergone a major refresh for MY 2019, is nothing if not a solid success.
-
GM Seeks to Avert U.S. Plant Shutdowns Linked to Supplier Bankruptcy
General Motors Co. says it hopes to claim equipment and inventory from a bankrupt interior trim supplier to avoid being forced to idle all 19 of its U.S. assembly plants.
-
Jeeps Modified for Moab
On Easter morning in Moab, Utah, when the population of that exceedingly-hard-to-get-to town in one of the most beautiful settings on Earth has more than doubled, some people won’t be hunting for Easter eggs, but will be trying to get a good look at one of the vehicles six that Jeep has prepared for real-life, fast-feedback from the assembled at the annual Easter Jeep Safari.
