Panasonic gets a four-year contract to supply Tesla with lithium-ion batteries

Article by Christian Andrei, on October 30, 2013

For those who don’t know, Panasonic is one of the biggest supplier of lithium ion batteries used in electric cars. Well, it appears that the company is set to became even bigger as it just won a four-year contract to supply cells to Tesla for its Model S and Model X electric cars, a deal that may generate around $7 billion.

In this deal, Panasonic will supply 2 billion lithium-ion battery cells to Tesla through 2017. A big number if we take a look that the 200 million units that the Japanese company shipped for Tesla in the past two years.

The new Tesla Model X crossover will arrive in late 2014, but until then Tesla plans to sell 21,000 this year. Next year, the company expects to sell around 10,000 units only in Germany. In the Netherlands the Tesla Model S surpassed the Volkswagen Golf.

Topics: panasonic, tesla

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