Panasonic Coy on Details in Planned $5 Billion Investment in Tesla Battery Plant

Newswire

(Repeats to fix format, no changes in text) By Sophie Knight TOKYO, July 31 (Reuters) - Panasonic Corp confirmed on Thursday it would invest in U.S. electric carmaker Tesla Motors Inc's planned $5 billion lithium-ion battery plant in the United States, but said it had yet to decide on the size and timing of its investment. Chief Financial Officer Hideaki Kawai said Panasonic, which already supplies batteries for Tesla's electric cars, would invest gradually in the factory, and keep ...

REGISTER NOW

To access this content simply register below now.
Registering is easy and allows you to:

  • Access all WardsAuto.com public content and newswire stories
  • Participate in forums
  • Comment on articles
  • Sign up for e-newsletters
  • And much more!
     

Already registered? here.
Connect With Us

Sponsored Introduction Continue on to (or wait seconds) ×