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Panasonic announces increased production of EV batteries for Tesla

Panasonic plans to increase production of EV batteries for Tesla by 10% by 2024. Nikkei AsiaTesla founder Elon Musk tweeted on August 15 that Tesla has produced more than 3 million EVs in total, and that the Shanghai factory, which has been in operation since 2018, is the 1 millionth car. said to have just produced the

The latest delivery data from Experian shows Tesla continues to lead the US EV market with a 68% market share in the first half of 2022. electric report. The company’s U.S. market share has fallen slightly from its 79% in 2020, even as other automakers are rapidly shifting to EVs.

Globally, US automakers will hold 14% market share in 2021, with Volkswagen, BYD, and GM accounting for 11%, 9%, and 7.6%, respectively, according to Forbes.

Tesla has set up a joint venture with longtime partner Panasonic in Nevada, USA to produce EV batteries. The Japanese company has announced that it will build another his EV battery factory in Kansas, USA. Nikkei Asia report.

The Nevada plant is currently producing nearly 40GWh of EV batteries each year, with capacity expected to reach 43GWh by 2024.

Panasonic is now also producing EV batteries for Tesla in Osaka, Japan. He will reportedly be responsible for producing his 4680 battery cells for Tesla.

Tesla increases production

Musk once tweeted that Tesla’s production target is 20 million by 2030. But on a second-quarter conference call last month, he shared that the automaker is ramping up production in Austin, Texas and Berlin, Germany, and that he aims to raise annual output to 1.5. 2 million units this year.

305,407 were produced in the first quarter of this year and 258,580 in the second quarter.

According to its latest financial report, Tesla has increased its capital expenditures from $6 billion to $8 billion this year, which is higher than previous estimates.

Tesla EV production, 2Q21-2Q22

2Q21

3Q21

4Q21

1Q22

2Q22

Model S/X

2.340

8,941

13,109

14,218

16,411

Model 3/Y

204,081

228,882

292,731

291,189

242,169

total

206,421

237,823

305,840

305,407

258,580

Source: Tesla, prepared by DIGITIMES Asia August 2022



https://www.digitimes.com/news/a20220816VL203/electric-vehicle-ev-battery-japan-panasonic-tesla.html?chid=13 Panasonic announces increased production of EV batteries for Tesla

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