Tesla supplier Panasonic pushing for 20% increase in battery density - Reuters
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Key Tesla (TSLA) supplier Panasonic (OTCPK:PCRFY) is seeking to increase battery energy density by 20% by the close of the decade, per Reuters.
Panasonic CTO Shoichiro Watanabe told the outlet that advancements made by the firm have allowed individual cells to run at a higher voltage without damaging performance, which will be improved in coming years.
Such technological advancements would stand to notably improve the range of EV models utilizing the new batteries, assuaging a key concern for many consumers. The advancement could also allow the models to be downsized with smaller batteries maintaining similar ranges to current models on the road.
Tesla (TSLA) and Panasonic (OTCPK:PCRFY) have maintained a rocky relationship in recent years, with the former making numerous projections regarding in-house battery production. However, Panasonic remains the primary battery supplier for the automaker at present and has invested in a major US battery plant to maintain the relationship.
Read more on Chinese EV manufacturer BYDâs plan to supply Tesla with batteries as well.