EnergyWatch

Panasonic-Tesla partnership doubts send ripples to Tokyo

Tesla is planning to make its own batteries, which results in the electric carmaker's Japanese battery partner taking a dip in Tokyo trading.

Photo: JUSTIN SULLIVAN/AFP / GETTY IMAGES NORTH AMERICA

Tesla's plans to focus on in-house battery production impacts its battery partner of many years, Panasonic, whose stock lost value for two days in a row on the Tokyo Stock Exchange.

The US-based electric automaker's chief executive, Elon Musk, recently said the group plans to manufacture a new EV priced at USD 25,000 using its own batteries. This is meant to cut production costs by more than 50 percent and prompts Panasonic's investors to respond.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Trial banner

Latest News

See all jobs