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CES 2021

Cheaper Tesla? Panasonic to develop cobalt-free battery

Japanese electronics giant expects to start production in two to three years

Panasonic and Tesla are working to eliminate expensive cobalt from EV batteries, which account for 30% to 40% of the cost of the cars. (Source photos by Itsuro Fujino and EPA/Jiji) 

TOKYO -- Panasonic aims to make cobalt-free batteries available for Tesla's electric vehicles in two to three years, as the Japanese electronics manufacturer tries to keep pace with the U.S. automaker's ambitious mission to bring EVs into the mainstream quickly.

"Two or three years from now, we will be able to introduce a cobalt-free, high energy-density cell," Shawn Watanabe, head of energy technology and manufacturing at Panasonic of Japan, said Wednesday during an online session at CES, the world's biggest consumer electronics and technology expo.

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