Panasonic Cell

Panasonic Cell

According to Japanese news outlet Nikkei, Panasonic is moving forward its plans to begin producing battery cells at Tesla's Gigafactory in Nevada.

The report states:

"Panasonic will begin mass-producing components for electric-car batteries ahead of schedule at an American factory it is building with Tesla Motors, responding to brisk demand for a forthcoming sedan from the U.S. automaker."

"The duo had initially said the lithium-ion-battery plant in the state of Nevada would be up and running sometime in fiscal 2016 -- a time frame taken to mean early 2017. The plant is now set to open this July, with power cell production to begin in November. Tesla is thought to have called on Panasonic to compress its timeline after receiving a large number of preorders for the Model 3 sedan, due out next year."

If true, then perhaps the Tesla Model 3 will be better on schedule for its launch in the second half of 2017.

Reportedly, Panasonic will also up its investment at the Gigafactory to ensureĀ it's not responsible for any possible delays with the 3. An unnamed exec at Panasonic stated the the corporationĀ "would like to avoid delays in auto production caused by an insufficient battery supply."

It sure seems as though Panasonic is willing to do whatever it takes to keep the Model 3 on track.

Source: Nikkei