Tesla Supplier Panasonic Completes Preparations For Mass Production Of High-Capacity EV Batteries At Wakayama Plant, Set To Produce 4680 Cells
Portfolio Pulse from Benzinga Neuro
Panasonic has completed preparations for mass production of high-capacity 4680 EV batteries at its Wakayama plant, which will serve as a testing site for global processes. This move is crucial for the EV market as demand for efficient batteries grows. Panasonic is a key supplier for Tesla, which faces competition from Chinese automakers.
September 09, 2024 | 9:49 am
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POSITIVE IMPACT
Panasonic's completion of preparations for mass production of 4680 batteries at Wakayama plant marks a significant step in meeting the growing demand for efficient EV batteries, potentially boosting its revenue.
The mass production of 4680 batteries positions Panasonic to meet the increasing demand for efficient EV batteries, potentially increasing its market share and revenue.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Tesla's supplier, Panasonic, is set to mass-produce high-capacity 4680 batteries, which could enhance Tesla's EV range and performance. This development is crucial as Tesla faces competition from Chinese automakers.
Panasonic's production of 4680 batteries is significant for Tesla as it could improve the range and performance of Tesla's EVs, helping them stay competitive against Chinese automakers.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 80