Panasonic to supply Tesla Model 3 batteries that hold more juice

Japanese company seeks to stand out from rivals CATL and LG

20200731N Tesla Model 3 REUTERS

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

ITSURO FUJINO, Nikkei staff writer

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.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.