VW weighs battery pacts with Panasonic, LG Chem, report saysFri, 08, Jul 2016
VW may partner with EV battery specialists such as LG Chem or Panasonic as it overhauls its strategy to emerge from diesel emissions violations, Bloomberg reported, citing people familiar with the matter. VW's supervisory board has discussed investing around $1.89 billion per battery factory at several sites around the world, said the people, who asked not to be identified because the talks are confidential.
Panasonic expects to double sales of EV batteries in 3 yearsFri, 08, Jul 2016
Panasonic expects strong demand for lithium ion batteries from Tesla to help more than double its annual sales of automobile-related batteries in three years. The Japanese supplier also plans to accelerate its $1.6 billion investment in Tesla's $5 billion "Gigafactory" in Nevada upon the request of the EV maker, to meet strong orders for Tesla's upcoming Model 3 sedan.