Panasonic will invest hundreds of millions in Tesla gigafactory

[unhappycamper]

http://www.csmonitor.com/Business/In-Gear/2014/1007/Panasonic-will-invest-hundreds-of-millions-in-Tesla-gigafactory



Electrician Darrell Scronce carries conduits at the construction site of a battery systems plant at the Tahoe-Reno Industrial Center in McCarran, Nev. This industrial site is where Elon Musk's electric car maker Tesla Motors plans to build a $5 billion factory to produce lithium ion batteries for electric cars, helped by 'hundreds of millions' from stakeholder Panasonic.

Panasonic will invest hundreds of millions in Tesla gigafactory
By Stephen Edelstein, GreenCarReports October 7, 2014

While Panasonic had already agreed to help Tesla construct and operate its huge Nevada "gigafactory" for electric-car batteries, the scope of that commitment is now becoming apparent.

The company's CEO now says it will invest tens of billions of yen--10 billion yen is equal to about $92 million--in the massive $5 billion project.

~snip~

Until the gigafactory is fully operational, Panasonic will continue to supply batteries for the Model S--as well as the upcoming Model X crossover--from its Asian plants, as it has so far.

~snip~

Predicted to be the largest cell plant of its kind in the world, the project's massive scale is expected tolower the price of batteries, allowing Tesla to sell the Model 3 for around $35,000--and potentially achieve the magic number of $100 per kilowatt-hour.

[Demeter]

1. Query: by the time they can produce in quantity

will there be any kind of mass demand, or will we all be so broke that we cannot afford it?