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.


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.

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