Welcome to a Cordless Drill Battery specialist of the Panasonic Battery
Japan—Panasonic Corp. will invest tens of billions of yen as a first installment in a Tesla Motors Inc. TSLA +2.11% Tesla Motors Inc. U.S.: Nasdaq $235.34 +4.87 +2.11% Oct. 21, 2014 4:00 pm Volume (Delayed 15m) : 3.99M AFTER HOURS $234.50 -0.84 -0.36% Oct. 21, 2014 7:59 pm Volume (Delayed 15m) : 144,484 P/E Ratio N/A Market Cap $28.72 Billion Dividend Yield N/A Rev. per Employee $415,848 10/21/14 Daimler Sells Its 4% Stake in ... 10/21/14 Michigan Governor Signs Anti-T... 10/10/14 Tesla Aims to Leapfrog Rivals More quote details and news » TSLA in Your Value Your Change Short position ’s lithium-ion battery factory, the chief executive of the Japanese electronics company said Tuesday.
“Our initial investment amount in the factory will be tens of billions of yen,” Chief Executive Kazuhiro Tsuga told reporters at the annual CEATEC trade show in Chiba, near Tokyo. “We will expand the size as we go by pouring in further installments of similar amounts.”
The Osaka-based firm said last week it had formed a company in the U.S. to produce batteries with like Panasonic EY9239 Battery , Panasonic EY9086 Battery , Panasonic EY9182 Battery , Panasonic EY6780 Battery , Panasonic EY9230 Battery , Panasonic EY9226 Battery , Panasonic EY3793B Battery , Panasonic EY9227 Battery , Panasonic PA1562N Battery , Panasonic PA-1564N Battery , Panasonic NATIONAL EZ7000 Battery , Panasonic NATIONAL EZ9107 Battery for Tesla’s electric car “gigafactory” in Nevada
“Our policy is to avoid a situation where Tesla wants to make more cars but doesn’t have enough batteries,” Mr. Tsuga said.
In a call with investors in July, Tesla founder Elon Musk said he expected Panasonic to contribute 30%- 40% of the battery factory’s total cost, likely to reach $5 billion. Tesla will cover about half the amount.
Turning his attention to foreign-exchange rates, Mr. Tsuga said separately that his company would find it desirable for rates to remain stable, and that the dollar rising as high as ¥120 would be “excessive.”
The dollar was trading around ¥109.12 early afternoon in Asia.
Write to Takashi Mochizuki at takashi.mochizuki@wsj.com
EmailPrintCommentsOrder ReprintsFacebook
ShareTwitter Google+ LinkedIn close Email This• Invalid Email Address • Must enter an email address • (Separate multiple address with commas) • You can't enter more than 20 emails. Recipient's Email Address (Separate multiple address with commas) • Invalid Email Address • Must enter an email address Your Email Address Message (Optional) Send me a copy You must enter the verification code below to send. Invalid entry: Please type the verification code again. or Cancel close Thank YouYour email has been sent.
close Error.An error has occurred and your email has not been sent.