Tesla Inks Deal With Panasonic to Meet Order Demand

Agreement will help electric car-maker build 80,000 cars over the next four years

By Sajid Farooq
|  Thursday, Oct 13, 2011  |  Updated 10:00 AM PDT
View Comments (
)
|
Email
|
Print
Tesla Inks Deal With Panasonic to Meet Order Demand

Tesla has a new deal with Panasonic to provide batteries for its Model S EV car.

advertisement

Tesla has renewed an agreement with Panasonic to provide batteries for its electric vehicles.

The deal will help the Palo Alto-based electric car-maker meet an increased demand for its cars.

The new agreement will provide Tesla with lithium-ion batteries for the production of about 80,000 cars over the next four years.

The batteries will be made using Panasonic's nickel-type cathode technology.

Tesla has 6,000 orders for its Model S EV for 2012.

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
Bay Area Proud
Bay Area Proud is NBC Bay... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out