Panasonic to mass produce next-gen batteries for Tesla in 2023: Report
Panasonic is reportedly planning to mass-produce new lithium-ion batteries as early as 2023 for Tesla that could increase the range of electric vehicles by up to 20 per cent.
According to Nikkei Asia, the Japanese company plans to invest about $705 million in production facilities to make the new batteries for Tesla from as early as 2023.
Although the battery is said to be twice as big as previous versions, it has a fivefold increase in energy capacity.
The 4680 cell is said to boost the range of electric vehicles. The new cells would increase the Model S’s range from about 650 kilometers, about 405 miles, to 750km, or 465 miles.
