Big step from Tesla and Panasonic

Japanese electronics giant Panasonic is considering producing a common battery with Tesla, an electric car maker in China.


Panasonic chief executive Kazuhiro Tsuga said Thursday that Tesla could build a full production plant in China and possibly produce it together. The company is currently building battery cells for Tesla in Japan and the US state of Nevada.

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The fact that Fabrikan is especially in China is due to the fact that China is seen as an important market for electric vehicles in the future.

Separately, Panasonic said full-year net profit rose due to the growth of automotive-related businesses. The Osaka-based company said net profit for March for the fiscal year was 236 billion yen, up 58% from the previous year.

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