financetom
Business
financetom
/
Business
/
Panasonic's energy unit prepares for 4680 EV battery production
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Panasonic's energy unit prepares for 4680 EV battery production
Sep 9, 2024 12:59 AM

KINOKAWA, Japan, Sept 9 (Reuters) - The energy unit of

Japan's Panasonic Holdings ( PCRFF ) has finalised preparations

for the mass-production of its 4680 electric-vehicle batteries,

the company said on Monday, as it seeks to start supplying the

cell to automakers.

Panasonic Energy's renovated plant in the western prefecture

of Wakayama will serve as the main factory for producing the

cells, which the Tesla supplier says have five times

the capacity of its smaller 2170 cylindrical batteries.

The bigger 4680 cells will allow automakers to extend the

driving range of electric vehicles and use fewer cells to

achieve the same battery pack capacity, Panasonic Energy said in

a statement.

The company held a ceremony to mark the completion of

preparations to start mass-producing the batteries and showed an

inspection line where trays stacked with the silver-coloured

cells could be seen running through.

The company has sent samples of the 4680 batteries to some

of its automakers to which it is already a supplier and intends

to kick off production of the new cells after getting the green

light from them, a Panasonic ( PCRFF ) spokesperson said.

The company had previously said it planned to start

production of the 4680 cells in the first half of the current

business year that started in April.

The Wakayama plant is expected to employ roughly 400 staff

in the development and production of the new batteries by March

2025, and serve as a site for trying out processes that it could

implement at other battery factories around the world, the

company said.

Panasonic Energy already makes 2170 and 1860 cylindrical EV

batteries at its Suminoe and Kaizuka plants in Japan.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Soccer-New chance for De Ligt to show ability in Dutch team
Soccer-New chance for De Ligt to show ability in Dutch team
Sep 6, 2024
AMSTERDAM, Sept 6 (Reuters) - Defender Matthijs de Ligt is to be given a new chance with the Netherlands national team, after being sidelined at Euro 2024, when the Dutch begin their Nations League campaign against Bosnia & Herzegovina, coach Ronald Koeman said on Friday. The new Manchester United ( MANU ) signing did not get any game time at...
ABM Industries Lifts Full-Year Earnings Outlook as Fiscal Third-Quarter Results Beat Estimates
ABM Industries Lifts Full-Year Earnings Outlook as Fiscal Third-Quarter Results Beat Estimates
Sep 6, 2024
11:18 AM EDT, 09/06/2024 (MT Newswires) -- ABM Industries ( ABM ) on Friday increased its fiscal 2024 earnings outlook and reported better-than-expected third-quarter results amid double-digit revenue growth in the aviation and technical solutions segments. The facility solution provider expects full-year adjusted earnings in the range of $3.48 to $3.55 per share, compared with its previous guidance of $3.40...
Analysis-China, price cuts and costs: the fuel driving Volkswagen's crisis
Analysis-China, price cuts and costs: the fuel driving Volkswagen's crisis
Sep 6, 2024
BERLIN/FRANKFURT (Reuters) - In May, Volkswagen finance chief Arno Antlitz warned that Europe's top carmaker had about two or three years to prepare for cut-throat competition from abroad, mainly China. This week, he cut that already-tight timetable by a year, sending shockwaves through the global auto sector by threatening to shut plants in the company's home market for the first...
Tenet Media posts still online, despite U.S. claims of Russian influence campaign
Tenet Media posts still online, despite U.S. claims of Russian influence campaign
Sep 6, 2024
NEW YORK, Sept 6 - Two days after U.S. authorities accused two employees of Russian state media network RT of coordinating an online network aimed at influencing the 2024 presidential election, more than 400 posts by Tenet Media, the online content company at the heart of the case, were still accessible on TikTok, unlabeled and untouched. So too were Tenet...
Copyright 2023-2026 - www.financetom.com All Rights Reserved