Straubel aims to leverage two partnerships, one with Panasonic Corp , the Japanese battery manufacturer that is teamed with Tesla at the Nevada gigafactory, and one announced weeks ago with e-commerce giant Amazon . With production of electric vehicles and batteries about to explode, Straubel says his ultimate goal is to "make a material impact on sustainability, at an industrial scale."
Panasonic Corp reported the first quarterly profit in its U.S. battery business with Tesla Inc on Monday, after several years of production troubles and delays at the U.S. partner. The news comes after the U.S. electric vehicle maker reported its second successive quarterly profit last week, as vehicle deliveries hit a record.
Maxwell brings new technologies, plus Panasonic is losing exclusivity
Batteries produced will be sold to various automakers
Tesla showed a profit, but battery partner's costs were driven way up.
So, what happens now?