Tesla and Panasonic reached a new agreement on battery supply.

(Cover image source: LotGain)

On the morning of January 4th local time, the US Securities and Exchange Commission (SEC) filing showed that Tesla reached a new “2021 pricing agreement” with Panasonic last week.

According to Electrek, on December 29th, 2020, Tesla signed a pricing agreement with Panasonic for 2021, which is valid from October 1st, 2020 to March 31st, 2022, involving Panasonic supplying Tesla with lithium-ion batteries produced in Japan, and stipulating specific terms related to prices, production capacity, purchase quantity, and planned investment.


(Image source: Financial Times)

There are not many details about the agreement, but the documents show that the batteries involved are produced in Panasonic’s Japanese factories. Previously, Panasonic’s batteries produced in Japan were supplied to Tesla’s Model S and Model X projects.

Despite starting to develop its own power batteries, Tesla still needs its suppliers to supply as many batteries as possible to improve its production capacity.

🔗Information Source: Electrek

This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.