Tesla Inks Deal With Panasonic to Meet Order Demand

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

teslas

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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