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Tesla and Panasonic seal 3-year battery supply deal

Agreement covers pricing and investments at Gigafactory in Nevada

The new agreement commits the partners to certain prices and purchase volumes.   © Reuters
TEN UMEKUNI, Nikkei staff writer | Japan

OSAKA -- Electric-car maker Tesla and Japanese partner Panasonic have entered into a new three-year agreement on the supply of batteries from the sprawling Gigafactory 1 in the U.S. state of Nevada.

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