Tesla partner Panasonic has played a major role in the company’s battery production, and the company’s head is now planning to bolster and refine the production of Tesla’s 4860 battery even more so than before.
Panasonic’s latest President and CEO Yuki Kusumi hopes to produce more batteries for Tesla than ever before in hopes to generate billions of dollars to make the company more efficient, as reported by Bloomberg.
Kusumi, who officially became the company’s head on Thursday, hopes to make production more efficient on all levels, from manufacturing to delivery.
Panasonic Needs Partners Beyond Just Tesla, Says CEO https://t.co/YYyxUoEmx0
— TeslaNorth.com (@RealTeslaNorth) March 14, 2021
With a two-year plan to “sharpen and specialize” Panasonic’s processes – and even shorter than that, if Kusumi gets his way – Kusumi hopes to use the refined production practices as a launching pad for future endeavors, to increase its stake in the global EV battery market.
In an interview, Kusumi said, “It doesn’t matter how much you want to grow sales or increase profit if you don’t have the capacity to do so.” Kusumi continued, “Within our new structure we’re going to polish this ability and if you stay tuned we’ll invest again in building supply capacity.”
Earlier this year, Panasonic acquired Blue Yonder artificial intelligence company for $7 billion (USD), as part of the mission to streamline production and increase overall efficiency at the company amidst a burgeoning electric vehicle (EV) market.
