It’s “Battery Day” at Tesla

 

 

Tesla plans to host its annual shareholder meeting, followed by a “battery technology day” presentation, on Tuesday, September 22.

Elon Musk’s electric car company is likely to disclose specifications for at least one new type of battery cell that the company has been developing, and may give an aspiring start-date for manufacturing its own cells at scale, too. As CNBC previously reported, Tesla has established a prototype manufacturing line for battery cells at their skunkworks lab in Fremont, California, near its U.S. car plant.

Since January 2017, the EV maker has mass manufactured battery cells for its cars and energy storage products at its Gigafactory near Reno, Nevada, with its partner, main battery cell supplier, and co-investor in the facility, Panasonic.

More recently, Tesla began sourcing cells from CATL and LG, and making battery packs for the made-in-China (MIC) version of its Model 3 sedans with these at a newer vehicle assembly plant in Shanghai. The Tesla MIC vehicles are now sold in China, with some set for export to Europe.

In August, Panasonic planned to invest $100 million to set up a new cell production line at the Nevada Gigafactory, the Nikkei first reported.

Source: CNBC