There are rumors that Panasonic is searching for land to build a large new battery factory in the United States.
, the factory will cost several billion dollars to construct. The company declined to either confirm or deny theAt the present time, Panasonic plans to begin mass production of the the new type of lithium-ion battery, which is 46 mm in diameter and 80 mm tall, for Tesla by March 2024 onat its western Japanese plant in Wakayama. The 4680 cells are approximately 5 times larger than the battery cells Tesla currently uses to power its electric vehicles.
Panasonic was the first battery manufacturer to work with Tesla when it agreed to manufacture battery cells at the Tesla Gigafactory in Nevada. That relationship has had its ups and downs over the years and Tesla has forged alliances with other battery manufacturers such as CATL and BYD as it searches for the best combination of performance and price. There are rumors it will begin using thethat LG Energy Solutions also plans to manufacture 4680 battery cells.
With Panasonic declining to talk about the news reports, we can only assume the search for a manufacturing site is underway. It will take about two years to build a factory and get production started, so the likely timeline is that a new US factory for Panasonic will not be providing battery cells to Tesla or anyone else much before 2025.
For those who are praying for the EV revolution to move faster, waiting for battery supply to catch up with demand is maddening, but laying the groundwork now will pay dividends in the future.
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