Tesla Inks Deal With Panasonic to Meet Order Demand

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


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.


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