When it comes to electric vehicles, there’s only one company which is dominating this sector, and that’s Tesla Inc. Tesla is producing innovative electric cars from a long time, and while making such cars, they always need high functioning battery cells. Currently, Tesla gets these battery cells from Panasonic, but from last few months relationship between these two companies hasn’t been that much good. Now a recent report indicated that Tesla is trying to produce battery cells by its own and they have even started to work on it in one of their factories.
Tesla has taken some efforts and instructed its R&D department to produce lithium-ion battery cells, which they can later use in their electric cars. As of now, Tesla Inc. is getting the supply of these batteries from giant, but it seems like this partnership is going into oblivion. Panasonic has been continuously providing battery cells to Tesla from last many years, but in 2018, the company said that they lost more than $65 million because of its business with Tesla.
Now the joint venture between Tesla-Panasonic is getting an ugly turn, and that’s why Elon Musk led Tesla has now decided to lose its ties with Panasonic. Recently Maxwell technologies, a company which makes automotive- and utility-grade battery components got acquired by Tesla. Experts predict that Tesla is now going to use much of this company’s resources to produce lithium-ion battery cells which they can later use in electric cars. Tesla is that electric company which has been on the verge of bankruptcy for more than two times, but they have successfully got out of that situation. Elon Musk recently said that the company is going to achieve advancement in battery availability and self-driving technology in the next few years.
