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Stock版 - UPDATE: Tesla, Panasonic in talks on $1 billion factory: report
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Panasonic Corp., now the primary battery supplier for Tesla Motors Inc.'s $
71,000-and-up electric cars, is in talks about investing in a nearly $1
billion battery factory in the U.S., according to Japanese business
newspaper the Nikkei.
Panasonic said in a statement it was "considering various options to
strengthen our ties" with Tesla (TSLA) .
Tesla shares hit a record high of $248 on Tuesday ahead of an expected
announcement of the battery-production partnership, in which the company
would carve out a business making advanced batteries for itself and others.
Panasonic shares were up 7% in early trading in Tokyo on Wednesday.
Tesla this week is expected to announce with corporate partners a plan to
build a factory that would produce finished batteries from raw materials
instead of components, lowering its costs.
Morgan Stanley auto analyst Adam Jonas said in a note on Tuesday the
company "could become the world's largest producer of Li-ion batteries"
based solely on its own automotive needs. He said Tesla could also supply
batteries for energy storage for electric power suppliers.
(An expanded version of this report appears on WSJ:com http://online.wsj.com/news/articles/SB10001424052702304834704579404901299898392.)
More must-reads from MarketWatch:
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临开盘前大量买单拉高
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