Ron Burgundy Posted November 2, 2016 Share Posted November 2, 2016 (Reuters) - Tesla Motors Inc had an obligation to pay a total of about $1.7 billion to Japan's Panasonic Corp as of Sept. 30 for electric vehicle battery cells made at Tesla's gigafactory in Nevada, the carmaker said in a regulatory filing. Panasonic, Tesla's longstanding battery partner, agreed in 2014 to invest in equipment, machinery and other manufacturing tools at the gigafactory, which will make cylindrical lithium-ion cells for Tesla's cars. Tesla has said it expects to start making batteries at the $5 billion plant by the end of the year. View the full article Quote Link to comment Share on other sites More sharing options...
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