Tesla, Panasonic will reportedly end joint solar cell production at Buffalo factory
Tesla and Panasonic formed a joint venture to manufacture solar cells there four years ago. As part of their deal, Panasonic committed to paying for part of the equipment at the plant in Buffalo, New York. They began producing components for solar photovoltaics there in 2017.
While Panasonic-made solar cells were going to be used primarily by Tesla to make its own solar panels, Tesla's current Solar Roof product uses cells made in China instead. According to Nikkei, Panasonic has been selling cells it made at the Buffalo plant to other clients.Panasonic is still a main supplier of battery cells to Tesla for its vehicle battery packs, and the two companies jointly occupies a giant plant, called Gigafactory 1, outside of Reno, Nevada.
If Tesla fails to employ 1,460 people at its Buffalo plant in April this year, it will have to pay a $41.2 million penalty to the state of New York, or get an exemption somehow. On Tuesday night, a press secretary for Empire State Development group said, in a tweet, that Tesla expects to exceed that benchmark goal by the deadline with 1,500 workers or more in Buffalo and 300 more throughout the state of New York.to build Tesla's factory, including equipment purchases, and went $209 million over the original expected budget. There was no incentive between the state and Panasonic.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla, Panasonic end solar cell partnership: NikkeiPanasonic poised to withdraw from solar cell production at Tesla's NY plant: sources
Read more »
Distracted driver in fatal 2018 Tesla crash was playing video game: NTSBA man who died after crashing his Tesla had relied too much on the car's autopilot function and was playing a game on his phone at the time of the accident, according to the National Transportation Safety Board.
Read more »
Tesla and regulators need to do more to prevent Autopilot deaths, safety agency saysThe National Transportation Safety Board called for Tesla, regulators and others to improve the safety of automated driving technologies. The recommendations follow an investigation into the fatal crash of a distracted Tesla driver who was using the company's Autopilot system two years ago.
Read more »
Hackers Made Tesla Cars Autonomously Accelerate Up To 85 In A 35 ZoneThe culmination of an 18-month research project saw hackers use an adversarial machine learning attack to accelerate two Tesla models autonomously
Read more »
Elon Musk Capitalizes On Tesla Stock’s Hot Streak With $2.3 Billion Share OfferingThe new offering is a surprise as Musk recently said the company didn't need to raise funds.
Read more »
Maye Musk on Why She Can’t Always Make It to SpaceX and Tesla LaunchesThe supermodel, dietitian and mother to Elon, Kimbal and Tosca talks about her go-to breakfast, favorite TV shows and how she and her busy family stay in touch
Read more »