Tesla, Panasonic agree on 3-year battery deal

Tesla Inc. reached an agreement with Japanese electronics company Panasonic on manufacture and supply of lithium-ion battery cells at the Gigafactory in Nevada.

The two companies sealed a three-year pricing deal last week, taking effect on April 1, 2020, according to Tesla’s filing that was released on Tuesday.

Last week, the California-based electric car maker was granted approval in China for its Model 3 with lithium iron phosphate (LFP) battery.



Breaking the News / GA



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