Tesla, Panasonic to Collaborate On Solar Cells Production at SolarCity's New York Factory read more at here www.spinonews.com/index.php/item/1298-tesla-panasonic-to-collaborate-on-solar-cells-production-at-solarcity-s-new-york-factory

Tesla Motors Inc. unveiled plans to collaborate with Panasonic Corp. to make solar-energy components for SolarCity Corp.

Under the agreement, which is a non-binding letter of intent, Tesla said it will use the cells and modules in a solar energy system that will work seamlessly with its energy storage products Powerwall and Powerpack.

In a blog post, Tesla announced plans to work with Japan’s Panasonic Corp. to make photovoltaic cells and modules in Buffalo, New York, where SolarCity is working to open the largest solar panel factory in North America.

“We are excited to expand our partnership with Panasonic as we move towards a combined Tesla and SolarCity,” JB Straubel, Tesla’s chief technical officer and co-founder, said in a statement. “By working together on solar, we will be able to accelerate production of high-efficiency, extremely reliable solar cells and modules at the best cost.” 

The collaboration extends the established relationship between Tesla and Panasonic, which includes the production of electric vehicle and grid storage battery cells at Tesla’s Gigafactory.

Panasonic is already working with the U.S. automaker to supply batteries for the Model 3, its first mass-market car.

It is expected that Tesla and SolarCity shareholders will vote on the proposed merger on November 17. The company said it would provide plans for the combined company ahead of the vote. 

 Source: Tesla

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