Tuesday, August 5, 2014

10:22 AM
Tesla and Panasonic last week signed what is effectively a memorandum of understanding regarding their collaboration on Tesla's Gigafactory -- a large-scale battery manufacturing facility. The agreement sets out the responsibilities of both partners, but there will be further discussions over the details. When completed sometime in 2017, the Gigafactory will address one of the major problems holding back production of Tesla's electric vehicles: the shortage of batteries.


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