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    lithium investing

    Panasonic Skeptical on Tesla’s Gigafactory

    Vivien Diniz
    Apr. 04, 2014 09:54AM PST
    Battery Metals

    Green Car Reports reported that Tesla Motors CEO Elon Musk is faced with new doubts over his plans for a gigafactory, however this time, the skepticism comes from Tesla’s lithium-ion cell supplier, Panasonic.

    Green Car Reports reported that Tesla Motors CEO Elon Musk is faced with new doubts over his plans for a gigafactory, however this time, the skepticism comes from Tesla’s lithium-ion cell supplier, Panasonic.

    According to the article:

    Panasonic prefers to “make investments step by step,” he said, adding that he “would like to cooperate” with Musk’s plans. He also noted that Panasonic’s battery production “depends” on Tesla sales, which it monitors closely.

    Meanwhile, the company is also facing more skepticism from other carmakers, including VW and Daimler.

    Harald Kroeger, the head of Daimler’s electric-vehicle efforts, who noted that the gigafactory plan had “some huge disadvantages” to go along with its benefits.

    Volkswagen CEO Martin Winterkorn said he didn’t “quite get it,” noting that VW would not consider opening its own battery plant, as it had enough suppliers for its needs.

    Click here to view the full article. 

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