Connect with us

Hi, what are you looking for?

CleanTechnica

Batteries

Panasonic Unsure About Tesla’s Gigafactory

Originally published on Kompulsa.

Panasonic, a major manufacturer of batteries, is reportedly hesitant to join Tesla Motors’ Gigafactory project because it would raise investment risks, according to Panasonic’s CEO Kazuhiro Tsuga.

“Our approach is to make investments step by step,” Tsuga said yesterday. “Elon plans to produce more affordable models besides Model S, and I understand his thinking and would like to cooperate as much as we can. But the investment risk is definitely larger.”

I don’t blame them for being cautious, as this is a very large project. It is expected to cost $5 billion! (Tesla has already raised $2 billion of that). On the other hand, sometimes big risks result in big rewards.

If this project succeeds as Elon Musk hopes it will, it could reduce lithium-ion battery manufacturing costs, making them more feasible for electric vehicles and home energy storage. It would also enable Tesla to manufacture hundreds of thousands of electric vehicles annually. To top it off, the success of this project could provide peace-of-mind to others who are interested in pursuing similar projects, leading to more large-scale factories that produce low-cost lithium-ion batteries.

Those are big rewards!

Source: Bloomberg

 

Advertisement
 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

writes on CleanTechnica, Gas2, Kleef&Co, and Green Building Elements. He has a keen interest in physics-intensive topics such as electricity generation, refrigeration and air conditioning technology, energy storage, and geography. His website is: Kompulsa.com.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

Advertisement

Advertisement

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Autonomous Vehicles

Cars that need no human driver are coming next year, Elon Musk says -- again.

Cars

The Funky Cat, Kia e-Niro ambulances, the all-electric “Project Thunderball” roadster, and the first ever, genuine, full-speed Electric MOKE — there’s lots of fun...

Autonomous Vehicles

Europe is in many aspects just a little bit different from the USA. One of the things that is different is the traffic laws....

Green Economy

The U.S. Securities and Exchange Commission (SEC) wants to prevent ESG (Environmental, Social, and Governance) funds from greenwashing. The SEC published a fact sheet...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.