Market Chatter: Panasonic CFO Says Tesla to Get Top Priority in Supply of New, More Powerful Batteries

MT Newswires · 02/02/2022 23:40

10:36 AM EST, 02/02/2022 (MT Newswires) -- Tesla (TSLA) battery supplier Panasonic said the electric vehicle maker will get top priority in the delivery of its new and more powerful 4680 lithium-ion battery, Dow Jones Newswires reported Wednesday, citing Panasonic Chief Financial Officer Hirokazu Umeda.

"Tesla has put in an extremely strong request for the 4680, so when we are actually able to deliver the 4680, we plan to put top priority on Tesla," Umeda reportedly said.

Panasonic expects to begin trial production of 4680 early in its fiscal year starting in April. However, a Panasonic spokeswoman was quoted as saying the company has not yet decided about the time and place of mass production.

Umeda reportedly also said EV battery shipments to Tesla have been interrupted by logjams at ports in recent months, but he didn't say which ports were affected.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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