Panasonic CEO says could soon increase output at Teslas gigafactory battery plant
Panasonic CEO says could soon increase output at Teslas gigafactory battery plant
Panasonic Corp Chief Executive Kazuhiro Tsuga said on Tuesday that output could soon be increased at Tesla Inc`s "gigafactory" battery plant as the causes of production bottlenecks for Tesla`s Model 3 are now understood.
Luxury electric vehicle maker Tesla said early this month that "production bottlenecks" had left the company behind its planned ramp-up for the new Model 3 mass-market sedan.
The plant is operated jointly by Panasonic and Tesla. Panasonic produces battery cells for Tesla`s electric vehicles, while Tesla makes battery packs using the cells.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.