2 Views
Panasonic Investing "Tens Of Billions" Of Yen In Tesla Gigafactory

by Cameron Aubernon
(IC: employee)
October 13th, 2014 4:39 AM
Share

Just how much will Panasonic throw down on the table when it comes time to invest in Tesla’s new Gigafactory near Reno, Nev.? According to CEO Kazuhiro Tsuga, “tens of billions” of yen.
Reuters reports Tsuga didn’t think the current exchange rate — which knocks his investment quote down to tens, if not hundreds, of millions of dollars — was “bad,” so long as the exchange remained stable.
As reported earlier this year, Panasonic wants the Gigafactory all to itself, investing in all levels of production at the upcoming plant. The battery producer also agreed to manufacture lithium ion cells for Tesla’s and other manufacturers’ battery packs as part of the overall investment deal.
#CapitalInvestments
#CurrencyChallenges
#ExchangeRates
#Gigafactory
#KazuhiroTsuga
#Panasonic
#Tesla
Published October 13th, 2014 9:00 AM
Comments
Join the conversation
Wonder how much they spend on R&D every year? Dont know why all the battery OEMs dont just come together and create the next leap in battery tech. We need a leap not a step.
Didn't we already know this?
That's nothing compared to the number of Indonesian Rupiah's they are going to invest.
I don't believe this factory will produce anything but 18650s for Tesla; no other EV maker is using them. Panasonic and Tesla would have to jointly agree to produce a competitor's form factor other than the 18650 in the Gigafactory, and I'm not seeing that - ever.