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Panasonic’s power unit prepares for 4680 EV battery manufacturing By Reuters

by Index Investing News
September 9, 2024
in Stocks
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By Daniel Leussink and Maki Shiraki

KINOKAWA, Japan (Reuters) – The power unit of Japan’s Panasonic (OTC:) Holdings has finalised preparations for the mass-production of its 4680 electric-vehicle batteries, the corporate mentioned on Monday, because it seeks to begin supplying the cell to automakers.

Panasonic Power’s renovated plant within the western prefecture of Wakayama will function the primary manufacturing facility for producing the cells, which the Tesla (NASDAQ:) provider says have 5 occasions the capability of its smaller 2170 cylindrical batteries.

The larger 4680 cells will enable automakers to increase the driving vary of electrical autos and use fewer cells to realize the identical battery pack capability, Panasonic Power mentioned in a press release.

The corporate held a ceremony to mark the completion of preparations to begin mass-producing the batteries and confirmed an inspection line the place trays stacked with the silver-coloured cells might be seen working via.

The corporate has despatched samples of the 4680 batteries to a few of its automakers to which it’s already a provider and intends to kick off manufacturing of the brand new cells after getting the inexperienced gentle from them, a Panasonic spokesperson mentioned.

The corporate had beforehand mentioned it deliberate to begin manufacturing of the 4680 cells within the first half of the present enterprise yr that began in April.

The Wakayama plant is anticipated to make use of roughly 400 employees within the improvement and manufacturing of the brand new batteries by March 2025, and function a website for making an attempt out processes that it might implement at different battery factories world wide, the corporate mentioned.

Panasonic Power already makes 2170 and 1860 cylindrical EV batteries at its Suminoe and Kaizuka crops in Japan.





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