Tag: gigafactory
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Tesla obliged to pay $1.7 billion to Panasonic for gigafactory cells
(Reuters) – Tesla Motors Inc had an obligation to pay a total of about $1.7 billion to Japan's Panasonic Corp as of Sept. 30 for electric vehicle battery cells made at Tesla's gigafactory in Nevada, the carmaker said in a regulatory filing. Panasonic, Tesla's longstanding battery partner, agreed in 2014 to invest in equipment, machinery…