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Article Suggests Panasonic to Sign a Contract this Month

Discussion in 'News' started by SteveG3, Jul 6, 2014.

  1. SteveG3

    SteveG3 Active Member

    Sep 21, 2012
    Asahi Shimbun (apparently one of Japan's five national newspaper's) wrote,

    "Panasonic is expected to sign a contract this month to help Tesla construct a plant and produce batteries for its vehicles.
    Initial operations at the plant are scheduled to commence in 2017 and become fully operational by 2020. The facility will produce batteries for 500,000 vehicles annually."

    I take this with a sizable grain of salt. In the next paragraph they also suggest Panasonic's investment would be something like $200 million ("likely investing more than 20 billion yen"). This seemingly very low investment might reflect Panasonic's past comments that they want to make their Gigafactory investment in stages over time. Or it may reflect that the article may not be particularly reliable.

    Panasonic to build factory, produce batteries for Tesla Motors - AJW by The Asahi Shimbun

  2. evme

    evme Member

    Jul 5, 2013
    It says more than 20 billion yen (200 million usd). This might be a reference to Panasonic's other 200 million investment to expand production in current factories.

    Though overall, Tesla has enough money raised for most of the factory build out. Panasonic will most likely be cautious and invest most of the money towards the end.
  3. RobStark

    RobStark Well-Known Member

    Jul 2, 2013
    Los Angeles
    More than one article has stated Panasonic will not commit to the entire 500k capacity in one investment.

    They will make installment investments based on how Tesla vehicles gain market share.

    They were burned with plasma tvs and cell phones losing $5B in each project when projected demand did not materialize.

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