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Panasonic to suspend battery production

Published : Sunday, 22 March, 2020 at 12:00 AM  Count : 21

TOKYO, March 21: Panasonic Corp said on Saturday it will temporarily suspend production at its battery joint venture with US electric carmaker Tesla Inc (TSLA.O) in Nevada because of the coronavirus outbreak.
The Japanese electronics company, which supplies battery cells for Tesla's electric vehicles, will scale down operations at so-called Gigafactory 1 early next week before closing it for 14 days, Panasonic said in an emailed statement.
A Panasonic spokeswoman declined to comment on how the suspension would affect Tesla, which produces battery packs using Panasonic cells at the Nevada plant.    -Reuters








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