Tesla's Gigafactory will be getting several hundred Panasonic Corp. employees for work on lithium-ion batteries.

Panasonic's 18650 High Capacity Lithium Batteries.

Panasonic's 18650 High Capacity Lithium Batteries.

Don't worry, the employees are not leaving Panasonic to go to Tesla. Rather, Panasonic is sending the workers over themselves just as soon as the Gigafactory gets up and running.

Yoshio Ito, head of Panasonic's automotive & industrial systems division, adds:

"We'll need hundreds of people at the start. We should actually see that starting around the autumn."

It has been reported that Panasonic will invest ~$478 million into its automotive division, including for the Gigafactory.

On a slightly different note, Panasonic stated that part of this investment will also go to & towards other automotive components, and collaborations with companies.

All of this in return will strengthen Panasonic.

As far as automotive components mentioned above, you might ask, "which components?" or "with whom?" One of those collaborations includes Ficosa International SA who specializes in driver assistance components/ systems, such as blind spot information, parking aids, & so on. Ito adds:

"We have the sensors... but in the future we'll see technology that gets the data and informs the driver or sets off automatic controls, and those are areas where we don't have expertise."

"Those are areas where we can collaborate."

Source: Automotive News.