Tag: Panasonic Holdings Corp

  • Panasonic reportedly development new manufacturing facility in Kansas to supply batteries for Tesla and remainder of EV trade

    An aerial view of the Tesla Gigafactory close to Sparks, Nevada

    Bob Robust | Reuters

    Panasonic is making plans to construct a brand new battery manufacturing facility in Kansas to supply high-capacity cells for Tesla, in line with a file out Wednesday from Nikkei Asia.

    Kansas Gov. Laura Kelly, a Democrat, has scheduled a information convention in Topeka these days at 5 native time the place she’s anticipated to announce main points at the Panasonic plant.

    Panasonic prior to now invested in and collectively operates a battery manufacturing facility with Tesla in Sparks, Nevada, outdoor of Reno, referred to as the Gigafactory (or Gigafactory 1). That sprawling facility was once sluggish to reach profitability because of excessive defect charges and slower-than-anticipated mass manufacturing, Nikkei reported, nevertheless it changed into winning in 2021.

    Tesla’s urge for food for battery cells is expanding together with its ambitions to ramp up automobile manufacturing at new factories close to Austin, Texas, and Berlin. The corporate reported annual automobile deliveries of 936,172 in 2021, an 87% building up from 2020. The price of battery fabrics is emerging with inflation, higher electrical automobile manufacturing, and provide chain headaches exacerbated by means of the continued pandemic and Russia’s brutal invasion of Ukraine.

    An area information outlet, the Kansas Town Superstar, prior to now reported that Panasonic might find its new manufacturing facility, which is predicted to make use of round 4,000 folks, at a former ammunition manufacturing facility in De Soto, Kansas. The governor’s place of work and Panasonic didn’t in an instant reply to requests for remark.

    Thus far, Elon Musk’s electrical automobile corporate has most commonly trusted Panasonic and different distributors together with CATL in China, for battery cells that pass into their automobiles’ high-voltage battery packs, and into the corporate’s power garage methods for house, industrial and grid-scale installations.

    However Tesla has additionally been operating to supply and commercially use its personal 4680 battery cells. It bought Canadian battery production corporations together with Hibar Techniques to assist with this goal.

    In October 2021, Tesla stated it will exchange the battery cellular chemistry that it makes use of in all of its usual differ cars to make use of lithium-iron-phosphate (LFP) cells moderately than nickel-cobalt-aluminum (NCA) cells, which Tesla meant to stay the use of in its longer-range cars.

    Panasonic isn’t on my own in increasing its battery production investments within the U.S.

    In January this 12 months, Normal Motors and LG Power introduced plans to speculate greater than $2 billion into a brand new battery plant in Michigan. And Jeep-maker Stellantis and Samsung are making an investment round $2.5 billion right into a battery plant in Kokomo, Indiana, to assist the automaker transition to electrical cars.

    Consistent with analysis by means of Canalys, world gross sales of battery electrical cars amounted to 4.5 million devices in 2021, representing about 69% of general electrical automobile gross sales together with plug-in hybrid electrics.

  • Stocks of Chinese language EV maker BYD soar after exec says corporate is about to offer batteries to Tesla

    This picture from Dec. 2019 displays robot hands spray portray a automotive frame shell on the BYD Car Corporate Restricted Xi’an plant. BYD is about to offer Tesla with batteries “very quickly,” a senior corporate govt informed a Chinese language state media anchor.

    Yuan Jingzhi | Visible China Staff | Getty Photographs

    Stocks of electrical automobile maker BYD jumped in Wednesday morning industry after a senior govt stated all through an interview with Chinese language state media that the corporate is about to offer batteries to Tesla “very quickly.”

    “We are now excellent pals additionally with Elon Musk, as a result of we are getting ready to offer batteries to [Tesla] very quickly,” BYD Vice President Lian Yubo stated all through an interview with Chinese language state media anchor Kate Kui.

    Rechargeable batteries and photovoltaic (the conversion of sunshine from the solar to electrical energy) made up 7.29% of BYD’s earnings pool in 2021, dwarfed through the greater than 50% percentage taken up through vehicles and comparable merchandise, in line with the corporate’s newest annual record.

    Hong Kong-listed stocks of BYD jumped 2.65%, mirroring broader certain sentiment in tech because the Dangle Seng Tech index complex 2.84%. Stocks of alternative Chinese language EV makers in Hong Kong additionally rose, with Nio up 4.68% whilst Xpeng surged 5.32%.

    Mainland-listed stocks of Chinese language battery maker and Tesla provider Fresh Amperex Era, on the other hand, tumbled greater than 6% following the feedback. CATL had more or less 25% of world EV battery marketplace percentage in 2020, some distance forward of BYD’s 7%, in line with Nomura analysis.

    In other places in Asia, stocks of Panasonic in Japan dipped round 0.8% whilst South Korea’s LG Power Answer dropped 1.39%. Each firms additionally provide batteries to Tesla.

    — CNBC’s Evelyn Cheng contributed to this record.