Tesla Motors (TSLA) began production of lithium-ion battery cells on Gigafactory

Market news

5 January 2017

Tesla Motors (TSLA) began production of lithium-ion battery cells on Gigafactory

The manufacturer of electric vehicles Tesla Motors Inc reported yesterday that it has partnered with the Japanese company Panasonic to start mass production of lithium-ion battery cells on Gigafactory plant in Nevada.

According to the report, cylindrical "cell in 2170", jointly developed by Tesla and Panasonic, will be used for energy storage products and Tesla Model 3.

TSLA shares fell in premarket trading to $ 225.99 (-0.44%).

U.S.: ADP Employment Report, December 153 (forecast 170)

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