Panasonic Invests Millions In Tesla Plant For Solar Cells
Japanese electronics corporation Panasonic is investing more than 30 billion yen or $256 million in a production facility in Buffalo, New York owned by Tesla Motors. This is to fund the making of photovoltaic (PV) cells and modules.
The two companies said they are seeking to start the production of PV modules in the summer of 2017 and then increase up to one gigawatt of module production by 2019.
The plan is to eventually integrate the PV cells and modules produced in the New York factory into the non-solar roof products and the solar glass tile roofs that are set to be produced by Tesla and SolarCity, Elon Musk's solar power systems for homes and businesses. Musk has promised that the roof tiles will be more efficient than any other solar systems.
Elon Musk even predicts that solar rooftops might surpass sales of his electric cars. He says that solar rooftops need to be as appealing as electric cars have become. Musk says, "The goal is to have solar roofs that look better than a normal roof, generate electricity, last longer, have better insulation, and actually have a total cost that is less than the price of a normal roof plus electricity."
Tesla and Panasonic are also setting up to work on more advanced tech with significantly improved PV cells and panels. Research will be held at SolarCity's facility in Fremont, California.
Tesla also claimed that about 1,400 jobs will be created, with about 500 of those jobs are centered on manufacturing. Further expansions in Buffalo are also being planned.
Panasonic's move to shoulder massive costs only strengthens the partnership between the two companies. Panasonic has already been providing lithium-ion batteries for Tesla's Model S and Model X electric cars.With Tesla prepping up the production of its small and first mass-market Model 3 for 2017, Panasonic is also expected to be the American automaker's exclusive battery supplier.
Honda And Alphabet's Waymo Collaborate Production Of Self-Driving Cars
Japanese carmaker, Honda Motor Co. Ltd is teaming up with Alphabet Inc. The two companies are currently in formal talks to supply Alphabet’s Waymo's with Honda vehicles to properly test its self-driving technology.
Faraday Future To Build 10,000 Cars Per Year In New Hanford Factory
Faraday Future has leased a former tire plant in Hanford, California.
Tesla Model 3 Delivery Started, 30 Telsa Employees First To Get Hands On
Tesla Model 3 deliveries started on July 28 and 30 employees from Telso got the car keys.
Elon Musk Reveals First Images Of Tesla Model 3 Production Unit On Twitter
Elon Musk showed off the very first Tesla Model 3 unit on Twitter and Instagram.
Tesla Model 3 Hits Production This Week, First Car To Be Delivered This Month
The Model 3 will be priced around $35,000. Elon Musk envisions it reaching a much wider range of customers and has said he expects it to push Tesla’s output to 500,000 cars a year in 2018.
MORE IN ITECHPOST
Fitness Expert, Jolene Cherry, Explains How to Build Good Fitness Habits Using Tech
Cherry explores several different technology gizmos and gadgets to keep in mind when the initial burst of fitness motivation runs dry.
How Do Personal Emergency Response Systems Work?
Personal emergency response systems, known as PERS for short, are systems that help people to raise the alarm and get immediate help when a medical or personal emergency occurs. They are ideal for older people and anyone with a mobility issue or an injury or illness that can cause falls.
Eight Must-Have Tools to Keep Your Car Out of Garage
We all dread taking our car to a garage for repairs. We might just want to avoid the inconvenience of being off the road or maybe the costs associated, which can even lead to knock-on effects on things like our holiday plans.
6 Hacks for Students to Choose a Laptop While on a Budget
The modern world tries to drown us in the sea of choices. One can’t simply buy a laptop - there are hundreds of laptops around and sometimes our budget becomes the only real limitation we can rely on. But how to choose other parameters to get the best laptop possible?