Tesla Batteries to Be Mass-Produced by Pana sonic Starting March 2024

Pana sonic said on Monday it will begin mass production of a new lithium-ion battery for Tesla before the end of March 2024 at a plant in Japan.

Unveiled by the Japanese company in October, the 4680 format (46 millimetres wide and 80 millimetres tall) battery is around five times bigger than those currently supplied to Tesla, meaning the US electric vehicle (EV) maker will be able to lower production costs.

The new powerpack is also expected to improve vehicle range, which could help Tesla lure more drivers to EVs.will build two new production lines at its Wakayama factory in western Japan to build the batteries, the company said in a news release.