Panasonic is Tesla partner in battery production only to the extent in Nevada. They have a signed contract with Toyota whereby they will transfer ownership of five battery manufacturing plants to a JV. Toyota shall hold 51% shares and Panasonic 49%. Tesla therefore; can no longer rely on Panasonic outside of Nevada. It has to look for new partners and new alliances. These may be BYD, CATL or LG.
Panasonic is Tesla partner in battery production only to the...
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