Reuters is reporting, via Nikkei, that Panasonic is inviting several key Japanese materials suppliers to join it in investing upwards of 100 billion yen (nearly $1 billion USD) in Tesla Motors' battery giga factory.
Panasonic 18650 High Capacity Lithium Batteries
Key points from the Reuters article:
- Giga factory to go on line in 2017 - Will take 2 to 3 years to build
- Giga factory will "handle everything from processing raw materials to assembly, will produce small, lightweight batteries for Tesla and may also supply Toyota Motor Corp and other automakers."
- Panasonic is not the only player expected to invest in the giga factory
- Giga factory will require up to $6 billion in capital to make it a reality