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Panasonic to soon make new batteries for Tesla, could ‘reduce’ EV prices: report


Panasonic said it will produce a new and improved version of the 2170 cells used in Tesla Model 3 and Model Y at the plant in Nevada that it operates with Tesla “sometime during 2024 or 2025,” according to a new report in Bloomberg. The new cells, which pack a lot more energy density, could help reduce EV prices, the company states.

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CATL dominates global EV battery market for sixth straight year

EV battery market

The 2022 report from South Korean firm SNE Research shows that EV battery manufacturer CATL once again holds its title as the largest in the world by installed battery capacity. That’s now six years in a row that CATL leads the global EV battery market and based on 2022’s numbers, is showing no signs of slowing down.

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Panasonic Energy to supply batteries to Lucid Air, Gravity and build in US

Lucid batteries

Lucid Group and Panasonic Energy announced they have entered into multi-year agreements that entail the latter supplying lithium-ion batteries to both the Lucid Air and Gravity SUV. Part of the agreement supports Panasonic Energy’s plans to expand outside of Japan and begin production at a new facility in the US.

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Panasonic secures massive high-nickel cathode deal with Tesla co-founder’s Redwood

Panasonic Redwood cathode battery cell

Redwood Materials, a company founded by Tesla co-founder JB Straubel, announced that it will supply high-nickel cathode material for battery cell production in Panasonic’s new Kansas plant.

The company believes that this will be the first time cathode material will be produced in North America at “Gigafactory scale”.

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CATL continues reign as the world’s largest EV battery manufacturer for a fifth straight year

EV battery market

New data from a South Korean research firm shows that EV battery manufacturer CATL is once against the largest in the world by installed battery capacity. The company saw growth over 165% compared to 2020 and holds the title of world’s largest battery manufacturer for the fifth year in a row.

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