Panasonic weighs options over Tesla new battery production

The Panasonic booth is shown during the 2020 CES in Las Vegas
FILE PHOTO: The Panasonic booth is shown during the 2020 CES in Las Vegas, Nevada, U.S. January 7, 2020. REUTERS/Steve Marcus

September 23, 2020

TOKYO (Reuters) – Panasonic Corp is studying options for new electric car battery production with partner Tesla after the U.S. carmaker unveiled a plan to expand output and halve the price of the key auto component, the Japanese firm said on Wednesday.

“We are considering a variety of options, but nothing has been determined at this time,” a Panasonic spokeswoman said after Tesla Chief Executive Elon Musk outlined his plans in the closely watched “Battery Day” presentation.

“We value our relationship with Tesla and look forward to enhancing our partnership.”

(Reporting by Tim Kelly; Editing by Clarence Fernandez)