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Panasonic to invest $100m in EV battery plant in US for Tesla

Japanese electronics giant to raise production capacity by 10%

Panasonic, one of Tesla's battery providers, will boost its U.S. production capacity next year in an investment expected to total well over $100 million.   © Reuters
ITSURO FUJINO and TAKESHI SHIRAISHI, Nikkei staff writers | Japan

OSAKA/PALO ALTO, U.S. -- Panasonic will boost production capacity of batteries for Tesla next year in an investment expected to exceed $100 million, Nikkei learned on Wednesday.

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