Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Tesla Gigafactory 2 will be operated mainly by Panasonic

Wednesday, March 8, 2017 2:59
% of readers think this story is Fact. Add your two cents.

(Before It's News)

As Tesla gears up to begin production of high-efficiency solar cells and solar roof tiles this summer from its $900 million factory in Buffalo, NY, the California-based company will largely take a back seat to strategic partner Panasonic who will manage production at the facility.

Tesla’s Energy division will act more as a customer of Panasonic, buying solar roof tiles and solar products being manufactured by the Japanese electronics giant from the 1.2-million-square-foot Riverbend factory, now dubbed “Gigafactory 2”. The agreement signed into effect between Tesla and Panasonic in December, solidifies a long-term relationship between the two companies wherein Tesla will be granted adjustable pricing for solar products purchased from Panasonic over the next 10 years.

“In December 2016, Tesla entered into a 10-year arrangement with Panasonic to manufacture custom solar cells and solar panels for the Company, primarily at the Riverbend manufacturing facility. Upon the commencement of production, the Company will purchase up to 1.0 gigawatt of solar panels annually under the arrangement, with adjustable pricing provisions.” reads Tesla’s most recent SEC filing.

Tesla’s vision for the future: Powerwall 2, Model 3 and solar roof tiles

Tesla’s glass solar roof tiles introduced in October 2016 will begin production from Gigafactory 2 this summer. According to plans outlined by Tesla in its regulatory filing, the company expects to “begin customer installations of the solar roof later in 2017”.

Panasonic and Tesla will collaborate on engineering and development of photovoltaic products, and next generation solar technology, from Fremont, CA – home to SolarCity’s facility and Tesla’s vehicle manufacturing plant.

The post Tesla Gigafactory 2 will be operated mainly by Panasonic appeared first on TESLARATI.com.



Source: http://www.teslarati.com/tesla-gigafactory-2-operated-panasonic/

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.