On August 19th, according to Nikkei, Panasonic will invest 10 billion yen (approximately 650 million yuan) in 2021 to build a new assembly line at Tesla’s Gigafactory 1 in Nevada, increasing the factory’s total production capacity to 39 GWh/year. Panasonic is Tesla’s long-term battery partner, and the Gigafactory 1 in Nevada, which they operate together, is the world’s largest lithium-ion battery factory. Panasonic, LG Chem, and CATL are Tesla’s main external battery suppliers. This expansion will provide stable support for the production capacity of Tesla Model 3/Y in the future.
In May of this year, Panasonic’s financial report showed that the battery business of Tesla’s Gigafactory 1 in Nevada had been profitable for two consecutive quarters. Gigafactory 1 in Nevada currently has 13 production lines with an annual production capacity of 35 GWh/year. Panasonic’s investment this time will add one assembly line, increasing the total production capacity to 39 GWh/year.
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