Panasonic expects a shortage of batteries due to increased production of Tesla Model 3

Panasonic expects a shortage of batteries due to increased production of Tesla Model 3

June 28, 2018 0 By autotimesnews

The official representative of Panasonic Corp. reported a possible shortage of batteries for electric cars due to the increased production of Tesla Model 3.

Technological billionaire from Silicon Valley and Tesla CEO Elon Musk earlier this month said that his company would achieve production of 5,000 units of the Model 3 model a week. And analysts refer to this statement with a great deal of skepticism.

And Yoshio Ito, head of the automotive division of Panasonic, said at the company’s general shareholders meeting on Thursday that there was “a sharp production of production cars,” which led to a short-term battery shortage.

At the moment, Panasonic is the exclusive supplier of batteries for Tesla cars. Batteries are produced in Japan, as well as at the joint factory Gigafactory from Tesla Panasonic in Nevada. The Japanese company also has a joint venture with Tesla to produce solar cells at a new plant in Buffalo, New York.

“I would not say that the delay in the production of the 3rd model of Tesla did not affect our business, but we are in close cooperation with Tesla and are working to continuously improve production,” said Ito.

Panasonic views batteries as the main part of its plan to increase revenue from the automotive division from $ 16.3 billion in the current fiscal year to $ 22.6 billion by the end of March 2022.

At the shareholders meeting, Panasonic’s CEO, Kazuhiro Zuga, said the company is now developing a new technology for solid-fuel batteries. However, in the near future, he does not see the possibility of the appearance of batteries of this type in the near future.

“We believe that we can continue to improve the performance of today’s lithium-ion batteries, at least until 2025,” said Zuga. According to him, the commercialization of any solid-state batteries will occur after reaching the limit of today’s technology.

And Toyota is committed to the commercialization of fully solid-state batteries by the early 2020s.

Also recall that last year the company Tesla, and in particular the head and founder of the company Elon Musk, announced the possibility of producing an all-electric pick-up truck. Now the network has the first details about the future model.