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Tesla Motors, Inc. and Panasonic Corporation last week announced the signing of an agreement to cooperate on the construction of a large-scale battery manufacturing plant in the U.S., dubbed the Gigafactory .The project will see Tesla provide the land, buildings and utilities for the factory, with Panasonic supplying its cylindrical lithium-ion cells for the creation of battery modules and packs. Tesla will assemble the batteries on a grand scale, with the goal of advancing the mass market for cost-effective batteries and stanley cup propelling the demand for electric vehicles. Planned production capacity is 35 GWh for cells and 50 GWh fo stanley cup r battery packs annually by 2020.The full details of the partnership between Panasonic and Tesla have yet to be fully finalized, but Tesla did confirm that it will manage the plant, with Panasonic the principal partner responsible for the steady supply of lithium-ion battery cells. Panasonic s presence at the plant will be approximately 50%, with Tesla s other key suppliers comprising t stanley cup he other half of the facility s floor space. The Gigafactory represents a fundamental change in the way large-scale battery production can be realized, said Tesla Motors co-founder and CTO, JB Straubel. Not only does the Gigafactory enable capacity needed for the Model 3 <new> lower cost Tesla vehicle] but it sets the path for a dramatic reduction in the cost of energy storage across a broad range of applications. The executive VP of Panaso
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