Panasonic to Produce Improved EV Batteries, Potentially Lowering Prices

The company aims to quadruple production capacity by 2030 without building new factories or making large investments.

Panasonic plans to produce a new and improved version of the 2170 cells used in Tesla Model 3 and Model Y at the plant in Nevada that it operates with Tesla “somewhere during 2024 or 2025.”
The new cells, which pack a lot more energy density, could help reduce EV prices.
Panasonic aims to quadruple production capacity by the 2030 fiscal year without the need for new factories or large investments.
Panasonic is currently building a new factory of 2170-type cells for EVs in De Soto, Kansas, its second in North America.
A third US battery manufacturing plant should be announced soon, with the company pledging to raise its production capacity to 200 GWh by 2030 from its current limit of 50 GWh.