According to Yahoo Finance, on Wednesday, the day after automaker Tesla (TSLA) shared its plan to cut the cost of batteries in half at its Battery Day event, the stocks of battery makers LG Chem Ltd (OTC: LGCLF) and Panasonic (OTC: PCRFY) fell 4.5% and 4%, respectively. Alongside Tesla CEO Elon Musk’s announcement that it […]
Electric vehicle (EV) batteries are a hot topic this year, especially leading up to Tesla’s upcoming Battery Day, in which the company is expected to unveil a “million-mile” battery. Still, the company is looking to other companies to fulfill its battery needs at the moment, and this is expected to continue, at least for the […]
Electric vehicles (EV) are a competitive product right now, and as a result, Tesla has had no shortage of feuds within the market lately. But in some recent good news about companies working together, Nikkei reported that Panasonic plans to invest over $100 million USD into Tesla’s Nevada Gigafactory 1 battery plant. The investment will go […]
Panasonic has been a leading provider for batteries and cells, especially in the electric vehicle (EV) industry. With a growing demand for sustainable and efficient energy, the competition between cell providers is fierce. The company has been supplying 2170 lithium-ion cells to Tesla, for the Model 3 vehicle in 2017. The energy density of these […]
Panasonic CEO Kazuhiro Tsuga on Tuesday, described Tesla CEO, Elon Musk, as someone who is a “genius who defies common sense and can be overly optimistic”, at a young entrepreneurs event in Tokyo, reports Reuters. He then went on to say how he believes “only geniuses can hold onto big visions, and a genius I […]
