Panasonic to invest $100M at Giga Nevada to expand production

Gigafactory 1

After signing a new deal earlier this year to continue to manufacture and supply lithium-ion battery cells at Giga Nevada, Panasonic will invest $100 million to expand production at the Gigafactory.

Giga Nevada currently has 13 production lines, which after the investment will expand to 14, increasing capacity by 10% to 39 gigawatt-hours per year, according to Nikkei.

Along with the expansion, the first at Giga Nevada since it opened in 2017, Panasonic will also be increasing the storage capacity of their batteries by 5%. The new batteries will begin production in September.

This follows the news Drive Tesla reported last month that Panasonic would be able to increase the energy density in current battery cells by 20% in five years.

The story for Panasonic hasn’t been all positive this year. In February it was announced they were parting ways with Tesla on solar cell production after supplying them at Giga Buffalo since 2016.

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