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Panasonic to supply Tesla Model 3 batteries that hold more juice

Japanese company seeks to stand out from rivals CATL and LG

Panasonic has been continuously upgrading battery capacity for the Tesla Model 3.   © Reuters

OSAKA -- Panasonic will begin supplying higher-capacity batteries for Tesla's Model 3 electric vehicles in September in a bid to keep an important customer close.

The batteries will improve power storage capacity by 5% in part by using upgraded materials. The cells will be produced at the companies' joint-venture Gigafactory 1 in the U.S. state of Nevada.

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