Tesla, Panasonic moderate expansion plans for battery factory

Gigafactory — Tesla and Panasonic had intended to raise capacity 50 percent at the massive battery plant in Nevada by 2020 to the equivalent of 54 gigawatt-hours, but financial problems forced a re-think, the Nikkei said. The plant is pictured here in a 2016 file photo. (BLOOMBERG)

By:

PAVEL ALPEYEV

By:

Bloomberg

April 11, 2019 10:20 AM

Tesla Inc. and Panasonic Corp. are tempering expansion plans for the massive battery factory they’ve plugged billions into the last few years, deepening concerns about demand for the carmaker’s electric vehicles.

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