Panasonic Enters Into Supply Agreement With Tesla Motors to Supply Automotive-Grade Battery Cells
11 Ottobre 2011 - 12:00PM
Marketwired
Panasonic Corporation and Tesla Motors (NASDAQ: TSLA) finalized a
supply agreement for automotive-grade lithium-ion battery cells.
Panasonic is the world's leading battery cell manufacturer and a
diverse supplier to the global automotive industry. Panasonic's
automotive grade lithium-ion battery cells will be used in Tesla's
premium electric sedan, Model S.
The agreement supplies Tesla with Panasonic's lithium-ion
battery cells to build more than 80,000 vehicles over the next four
years. It guarantees the availability of enough cells in 2012 to
meet Tesla's aggressive production ramp-up and fulfillment of more
than 6,000 existing Model S reservations. This supply agreement
helps ensure Tesla will meet its cost and margin targets for Model
S.
This agreement builds upon a multi-year collaboration between
Panasonic and Tesla to develop next-generation automotive-grade
battery cells and accelerate the market expansion of electric
vehicles. In 2009, Panasonic and Tesla initially entered into a
supply agreement. In 2010, Panasonic invested $30 million in Tesla
to deepen the partnership and foster the growth of the electric
vehicle industry.
Panasonic supplies cells with the highest energy density and
industry-leading performance using its nickel-type cathode
technology. Panasonic and Tesla together have developed a
next-generation battery cell based on this nickel chemistry and
optimized specifically for electric vehicle quality and life. These
new cells will combine with Tesla's proven EV battery expertise
gained from more than 15 million customer miles driven in Tesla
Roadsters and thousands of hours of cell and battery testing to
create the most capable electric vehicle ever produced, Model
S.
"It is a powerful endorsement of our technology that Panasonic,
the world's leading battery cell manufacturer, has chosen to
partner with Tesla to advance electric vehicle performance and
value," said Tesla Co-Founder and CEO Elon Musk. "Incorporating
Panasonic's next-generation cells into Model S batteries will
ensure unrivaled range and performance. We are very grateful for
our great partnership with Panasonic."
"Panasonic will supply lithium ion cells for EVs that can
achieve longer range with large energy density. It is our pleasure
to start supplying the cells for Tesla's Model S and promote
sustainable mobility," said Masato Ito, President, Energy Company
of Panasonic Corporation.
Tesla is a supplier of batteries and powertrains to Toyota and
Daimler. Tesla is a comprehensive electric vehicle powertrain
component supplier to the electric vehicle industry.
Forward-Looking Statements Certain
statements in this press release, including statements regarding
vehicle cost, margin targets and range and performance metrics for
Model S, are "forward-looking statements" that are subject to risks
and uncertainties. These forward-looking statements are based on
management's current expectations, and as a result of certain risks
and uncertainties, actual results may differ materially from those
projected. Various important factors, such as the following, could
cause actual results to differ materially from those in the
forward-looking statements: finalization of pricing and costs from
suppliers, consumer demand for electric vehicles; achieving
expected results from powertrain systems as well as the risks and
uncertainties identified under the sections captioned "Risk
Factors" and "MD&A" in Tesla's Form 10-Q filed with the SEC on
August 12, 2011. Tesla disclaims any obligation to update
information contained in these forward-looking statements.
About Panasonic Panasonic Corporation is a
worldwide leader in the development and manufacture of electronic
products for a wide range of consumer, business, and industrial
needs. Based in Osaka, Japan, the company recorded consolidated net
sales of 8.69 trillion yen (US$105 billion) for the year ended
March 31, 2011. The company's shares are listed on the Tokyo,
Osaka, Nagoya and New York (NYSE: PC) stock exchanges. For more
information on the company and the Panasonic brand, visit the
company's website at http://panasonic.net/
About Tesla Motors Tesla's goal is to
accelerate the world's transition to electric mobility with a full
range of increasingly affordable electric cars. Palo Alto,
California-based Tesla designs and manufactures EVs and EV
powertrain components. Tesla has delivered more than 1,840
Roadsters, the world's first electric sports car, to customers
world-wide. Model S, the first premium sedan to be built from the
ground up as an electric vehicle, goes on the market in mid-2012 in
North America, and in Europe and Asia in late 2012. Visit Tesla
online at www.teslamotors.com
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