Panasonic launches prototype batteries for Tesla, and has no...

Panasonic launches prototype batteries for Tesla, and has no plans to produce lithium iron phosphate batteries

$Panasonic Holdings (ADR)(PCRFY.US)$ $Tesla(TSLA.US)$ According to reports, the head of Panasonic's battery department released a powerful prototype battery on Monday, saying that this battery will deepen the business relationship with American electric car manufacturer Tesla. In a speech at a media roundtable, Kazuo Tadanobu, head of Panasonic’s energy business, also said that the company has no plans to produce cheaper lithium iron phosphate batteries for electric vehicles.

Article excerpted from the US Stock Research Agency