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Panasonic invests $30M in Tesla Motors

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Panasonic Corporation has invested $30 million in Tesla Motors. The investment was made through the purchase of Tesla common stock in a private placement at a price of $21.15 We are proud to strengthen our relationship with Tesla Motors. Toyota sources its hybrid batteries from Primearth EV Energy Co.,

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Amara Raja to set up Gigafactory for Li-ion Battery Manufacturing in Telangana

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The lithium-ion battery that energizes the vehicle is the most expensive component in an electric vehicle. The price parity between the IC engine vehicle and the Electric vehicle will happen once the battery price decreases. Tesla has already set up Gigafactories for battery research and manufacturing in the US and China.

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Tesla to use Umicore in Li-ion battery recycling program in Europe

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Tesla Motors has launched a recycling program in Europe for its Li-ion battery packs, and will recycle its battery packs at Umicore ’s UHT facility in Belgium. After that, Umicore will transform the cobalt into high-grade lithium cobalt oxide, which can be resold to battery manufacturers.

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Lux Research: Panasonic battery division back to profitability and expanding due to Tesla Model S

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Panasonic’s lithium-ion (Li-ion) battery division is resurgent, largely due to the shipments of Tesla Motors’ Model S, notes Lux Research. In Q2 2013, Panasonic’s battery division made about $40 million in profits, a turnaround from one year before, when it lost $20 million in Q2 2012.

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Lux: Tesla likely to miss 2020 vehicle target by >50%; Gigafactory to bring only modest reduction in costs, >50% overcapacity

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Tesla and its partner, Panasonic, will contribute about 45% and 35%, respectively, of the initial $4 billion required to build the Gigafactory, proposed to go on-stream in 2017. Lux Research evaluated Tesla Motors’ Gigafactory plan and its consequences for the EV industry. million cars per year mark by the year 2025.

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Panasonic and Tesla expand supply agreement for Li-ion cells; nearly 2 billion through 2017

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Panasonic Corporation and Tesla Motors have expanded their 2011 supply agreement so that Panasonic will now supply nearly 2 billion automotive-grade lithium-ion battery cells to Tesla through 31 December 2017 at long-term preferential prices. —Tesla Quarterly Report (10Q) for quarter ending 30 June 2013.

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Mercedes-Benz presenting new battery-electric B-Class concept at Paris show

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Mercedes-Benz will present a battery-powered electric concept variant of the B-Class at the Paris Motor Show, reportedly developed in partnership with Tesla Motors. Earlier post.) Market launch is planned for 2014.

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