News

World news Bookmark and Share

10.11.2010 15:00
Panasonic buys a 2% stake in Tesla Motors for $30M
AUTHOR: publics.bg


  • © © Tesla Model S by Al Abut, on Flickr


Panasonic, which suppliers lithium-ion cells to electric car maker Tesla Motors, has decided to make the business relationship a bit more serious. The Japanese giant has bought about 2% of the Californian startup's shares in a private placement ($30 million, $21.15 per share). Panasonic and Tesla plan to jointly market and sell Tesla battery packs using Panasonic's battery cells.

Tesla has been using battery cells from more than one manufacturer so far, but it has selected Panasonic as a "preferred lithium-ion battery cell supplier for its battery packs."

Panasonic's support will no doubt be welcome by Tesla. The company has to avoid running out of money at least until its second model, the Model S electric sedan, comes out. There are always unexpected problems in massive industrial projects, so if that car is delayed, support from partners with deep pockets and solid reputations could make the difference. It can also benefit from the R&D muscle of Panasonic to help make its EVs better; Panasonic will probably also sell its batteries to other auto makers, but if the relationship with Tesla becomes close enough, it might get some exclusivity or at least be first in line when new products come out.

Source: treehugger


TAGS: Tesla | Panasonic | electric car 


All world news

No published comments
Login to comment


Interview

20.03.2022  Teodor Bobochikov, Managing Partner, V-Ridium
Energy Transformation – Trends and drivers
Full text

Events

No records in this category!

Poll

What kind of transport do you use to get to work?











 



We use cookies to ensure we give you the best browsing experience on our website. Find out more on how we use cookies and how you can change your settings.

Cookies

What are cookies ?

A cookie is a small text file that a website saves on your computer or mobile device when you visit the site. Cookies are widely used in order to make websites work, or work more efficiently, as well as to provide information to the owners of the site.

How do we use cookies?

Website use Google Analytics, a web analytics service provided by Google, Inc. ("Google") to help analyse the use of this website. For this purpose, Google Analytics uses"cookies", which are text files placed on your computer.

The information generated by the cookies about your use of this website - standard internet log information (including your IP address) and visitor behaviour information in an anonymous form - will be transmitted to and stored by Google including on servers in the United States. Google will anonymize the information sent by removing the last octet of your IP address prior to its storage.

According to Google Analytics terms of service, Google will use this information for the purpose of evaluating your use of the website and compiling reports on website activity.

We not use, and not allow any third party to use the statistical analytics tool to track or to collect any personally identifiable information of visitors to this site. Google may transfer the information collected by Google Analytics to third parties where required to do so by law, or where such third parties process the information on Google`s behalf.

According to Google Analytics terms of service, Google will not associate your IP address with any other data held by Google.

You may refuse the use of Google Analytics cookies by downloading and installing Google Analytics Opt-out Browser Add-on. The add-on communicates with the Google Analytics JavaScript (ga.js) to indicate that information about the website visit should not be sent to Google Analytics.

Cookies are also used to record if you have agreed (or not) to our use of cookies on this site, so that you are not asked the question every time you visit the site.

Google Analytics Opt-out Browser Add-on

How to control cookies?

You can control and/or delete cookies as you wish. You can delete all cookies that are already on your computer and you can set most browsers to prevent them from being placed.

All about cookies

Managing cookies in your browser

Most browsers allow you to:
  • see what cookies you have got and delete them on an individual basis
  • block third party cookies
  • block cookies from particular sites
  • block all cookies from being set
  • delete all cookies when you close your browser

If you chose to delete cookies, you should be aware that any preferences will be lost. Also, if you block cookies completely many websites (including ours) will not work properly and webcasts will not work at all. For these reasons, we do not recommend turning cookies off when using our webcasting services.
X