Panasonic is ready: $700 million to produce Tesla’s 4680 batteries

Batteries made up of 4680 lithium batteries I’m definitely here next big thing of the automotive sector, mainly due to the promises that Tesla has linked to this format, since the now famous battery day. The new cells should guarantee more autonomy, better performance, lower production costs and, above all, the vaunted battery pack of construction.

Elon Musk’s company has already announced that it will engage directly in production for the first time, but at the same time it will rely on the collaboration of all its suppliers. In the lead there is of course panasonic, by virtue of the long relationship that binds her to Tesla. At first, the Japanese manufacturer had a very cautious approach, but now it seems to have given the plans a decisive push.

Tesla 4680

This is according to a report published by Nikkei Asiathat Panasonic gave the green light to a investment of around 700 million dollarsto activate a production line at the Wakayama plant in Japan, although pilot line testing is still ongoing.

According to the report, which for the moment Panasonic has preferred not to comment on, the volume of production should be established, from 2023, on10 GWh per year, which corresponds to approximately 150,000 vehicles. Tesla has now launched over a million cars a year, and from there we understand how important it was for Elon Musk and his associates to get the most out of all suppliers, including LG, CATL and even Samsung.