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Panasonic announces the establishment of Panasonic Energy Corporation of North America, a new manufacturing company of lithium-ion batteries at the Tesla Gigafactory

October 3, 2014 in Battery, Battery Energy Storage, Electric Vehicles, EV News, Gigafactory, Nevada, Tesla

Osaka, Japan – Panasonic Corporation announced today that it has established a new manufacturing company of lithium-ion batteries, Panasonic Energy Corporation of North America in Sparks, Nevada, the United States on October 1, 2014.

Tesla and Panasonic have been working together in various collaborative projects toward the popularization and growth of electric vehicles since 2007.

A new company, Panasonic Energy Corporation of North America will be built in the Tesla Gigafactory, a large-scale battery manufacturing plant which has been discussed between Tesla and Panasonic, and will produce and sell lithium-ion batteries. This new factory will enable a continuous reduction in the cost of long range battery packs in parallel with manufacturing at the volumes required to enable Tesla to meet its goal of advancing mass market electric vehicles. Through this cooperation, Panasonic will contribute to accelerate the expansion of the electric vehicle market.

Panasonic plans to continuously expand operations meeting with Tesla’s vehicle delivery schedule, driven by the progressive role out of new vehicles and across global markets.

Overview of New Company (Panasonic Energy Corporation)

Corporate name Panasonic Energy Corporation of North America (ABBR:PENA)
Establishment Oct. 1, 2014
Location Sparks, Nevada, USA
Principal lines of business Production and sales of lithium-ion battery cells
Stated capital 5 million US dollars (Capital investor: Panasonic Corporation of North America)
Name and title of representative CEO: Masayuki Kitabayashi
Area of factory 555,000 square meters

About Panasonic

Panasonic Corporation is a worldwide leader in the development and engineering of electronic technologies and solutions for customers in residential, non-residential, mobility and personal applications. Since its founding in 1918, the company has expanded globally and now operates over 500 consolidated companies worldwide, recording consolidated net sales of 7.74 trillion yen for the year ended March 31, 2014. Committed to pursuing new value through innovation across divisional lines, the company strives to create a better life and a better world for its customers. For more information about Panasonic, please visit the company’s website at http://panasonic.net/.

Image courtesy of Tesla

Image courtesy of Tesla

This article is an EV News Report repost, credit: Panasonic.

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Nevada Selected As Official Site for Tesla Battery Gigafactory

September 4, 2014 in Battery, Battery Energy Storage, Electric Vehicles, EV News, Gigafactory, Greentech, Large Energy Storage, Model S, Nevada, Solar, Tesla, Wind

Image courtesy of Tesla Nevada Selected As Official Site for Tesla Battery Gigafactory

Image courtesy of Tesla
Nevada Selected As Official Site for Tesla Battery Gigafactory

CARSON CITY, NV – Governor Brian Sandoval and Elon Musk, Chairman and CEO of Tesla Motors, announced today that Nevada has been selected as the official site for the Tesla Gigafactory.

“This is great news for Nevada. Tesla will build the world’s largest and most advanced battery factory in Nevada which means nearly one hundred billion dollars in economic impact to the Silver State over the next twenty years. I am grateful that Elon Musk and Tesla saw the promise in Nevada. These 21st century pioneers, fueled with innovation and desire, are emboldened by the promise of Nevada to change the world. Nevada is ready to lead,” stated Governor Brian Sandoval.

“I would like to recognize the leadership of Governor Sandoval and the Nevada Legislature for partnering with Tesla to bring the Gigafactory to the state. The Gigafactory is an important step in advancing the cause of sustainable transportation and will enable the mass production of compelling electric vehicles for decades to come. Together with Panasonic and other partners, we look forward to realizing the full potential of this project,” said Elon Musk, Chairman and CEO of Tesla Motors.

“On behalf of the State of Nevada, I would like to acknowledge this monumental day and provide my initial support. This is a significant opportunity to make a major stride to improve our statewide economy. I look forward to receiving the necessary information so the Legislature can meet and take necessary action to support this major industry coming to Nevada,“ stated Speaker Marilyn Kirkpatrick.

This article is an EV News Report repost, credit: Tesla.