The Japanese supplier told Reuters in a Thursday report it plans to increase the energy density of its "2170" cells -- the ones used for the Tesla Model 3 -- by 20% in the next five years. More energy density could allow Tesla to pack more of them into a battery to create longer driving ranges, and potentially smaller battery units altogether.
Further, Panasonic aims to introduce a cobalt-free chemistry, which would end reliance on the controversial materialwith horrific working conditions.
The report confirms Panasonic will expand its presence at Tesla's Gigafactory in Nevada. Manufacturing lines will undergo retooling to prepare for the battery cells with added density. We heard this past May Panasonic eyed aas its battery business reported two consecutive quarters with profits as it began discussions with Tesla.
Panasonic confirmed its plans with Roadshow, but Tesla did not return a request for comment.
We should know more this September. Tesla CEO Elon Musk has promised big things for the company's , scheduled for Sept. 22. There, we could finally see the hyped .