Tesla And Panasonic Team Up To Bring The (Environmentally Friendly) Power To The People

The idea of a clean-energy car is a great and necessary one, but the challenge of creating non-cost-prohibitive EV batteries to run them was until recently still an issue. Now, clean-car pioneers Tesla, along with electronics giant Panasonic, have teamed up to take matters into their own hands.

According to engadget.com, Tesla and Panasonic announced that a major deal has been struck where the two companies will work together to mass-produce EV batteries at a new American factory (location to be determined.) The projected scale of the batteries' production will be large enough to eventually enable EV battery prices to drop.

The battery plant itself will take up between 500 and 1000 acres, and will employ 6,500 people. Current location speculations include Nevada, Texas, Arizona and New Mexico.

The terms of the deal state that Tesla will build and maintain the plant, while Panasonic will provide construction materials, lithium cells and manufacturing equipment. By 2020, Tesla is expecting to create 35GWh of cells and 50GWh of power packs to fuel some 500,000 of their cars.

While still pricey, Tesla cars will usher in a new era of transportation in a post-fossil-fuel world. Another golden age of American road travel could theoretically follow once it becomes inexpensive (and much more environmentally friendly) to drive cars again.  

Tesla automobiles being assembled.  Batteries definitely included.

Source:http://blog.agupieware.com/2014/07/tesla-and-panasonic-team-up-to-bring.html