Telsa, Panasonic Team Up on Next Generation Batteries
SAN FRANCISCO -- U.S electric sports carmaker Tesla Motors will partner with Japan's Panasonic Corp (6752.T) for the next generation of lithium-ion batteries, the companies said on Thursday.
California-based Tesla, best known for its $109,000 all-electric Roadster, plans to use Panasonic's battery cells in its newest battery packs for electric cars.
Panasonic is pushing aggressively into the green technology sector and recently acquired a majority stake in Sanyo Electric Co Ltd (6764.T), the world's largest rechargeable battery maker.
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