Tesla Ready To Battle With Panasonic In European Battery Market

Posted: Sep 3 2015, 9:03pm CDT | by , in News | Cars & Vehicles


Tesla Ready to Battle with Panasonic in the European Battery Market
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  • Panasonic & Tesla ready to battle in the European battery market!

The rival companies are about to have a face off in Europe for selling lithium ion batteries.

Panasonic is about to sell batteries which power homes. Previously Panasonic used to make lithium ion batteries for Tesla cars. Panasonic has now decided it will make lithium ion batteries for homes in Europe.

First off Panasonic will start selling the batteries in Germany. Panasonic is going to make the storage batteries. In Germany, residents are given incentive to switch to solar powered electricity.

Germany already has an advanced solar power market. The push into the European battery market puts Panasonic into battle with Tesla. Although Tesla takes its car batteries from Panasonic, the company also sells lithium ion batteries for home. 

In May, Tesla unveiled a new line of batteries especially designed for home use. The batteries were made by Tesla itself and they store electricity for use in homes. Even Elon Musk the CEO of Tesla had stated Germany is an ideal market for their batteries, according to Bloomberg.

So the fact that Panasonic is also entering the same market may not bode well for Tesla. Panasonic and Tesla have by far had a working relationship but it seems battle lines are being drawn. 

Panasonic also revealed after Germany they will move into other European countries. Panasonic will offer its lithium ion batteries to France and then UK. The CEO Laurent Abadie of Panasonic revealed the details in Berlin on Wednesday.

The time of when the batteries will be available in the European market is still undecided. The lithium ion batteries of Panasonic are already sold in Japan. The batteries provide 70 percent of the electricity for household use. 

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M. Affan covers the hottest news that captivate the web today.




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