Panasonic has reportedly launched heavy prototype batteries for Tesla. According to Reuters, the head of Panasonic’s battery division disclosed a prototype battery earlier today. The team says, “this prototype battery will strengthen the business correlation with Elon Musk’s Tesla.” The Prototype batteries have five times the storage capacity of the previous ones.
“The company has no plans to produce cheaper lithium iron phosphate (LFP) batteries for electric vehicles,” Kazuo Tadanobu, head of Panasonic’s energy business, said in a speech at a media roundtable.
“We have developed this because of the strong desire of the other party, and we think this can only lead to stronger ties,” Kazuo Tadanobu said.
A previous financial report from Tesla says that the Tesla battery department will need to switch to lithium iron phosphate batteries for electric cars with excellent worldwide production. The first cluster of Electric vehicles powered with 4680 batteries will debut in early 2022. Panasonic has been correlating with Tesla since 2009. In those days, the American Electric car firm, Tesla was not a well-known company and just steeped into the business. Panasonic decision was seen as a big deal. In an agreement, the companies have decided on a clear-cut ambition of producing next-generation automotive batteries unitedly.
Notably, the period between 2010 and 2013, the collaboration betwixt Tesla and Panasonic started to blazing up, the period has called the “love period” during the time Panasonic has made a supply agreement with Tesla for 2.44 billion 18650 batteries, and chiefly Panasonic also bought 1.4 million shares of the hindmost for $21.15 per share.
The total value is roughly $30 million. In 2014, Musk believed that Panasonic producing limitations had put Tesla’s development in a closed cage. To put an end to it, Elon Musk decided to concur with suppliers to invest $5 billion to construct a battery factory owned by Tesla in Nevada; both the firms had unitedly developed a 21700 battery.
In addition, the official information of this new battery is not available now, but it may be similar to Tesla’s own 4680 battery.