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Last updated: October 30. 2013 9:36AM - 174 Views
Associated Press



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(AP) Electric car maker Tesla Motors has signed a deal with Japan's Panasonic Corp. to expand its supply of battery cells.


Under the pact announced early Wednesday, Panasonic will supply nearly 2 billion cells over the next four years. The automotive grade lithium-ion battery cells will power the Model S sedan as well as the Model X SUV, which is scheduled to go into production by the end of 2014, Tesla said.


The agreement amends a 2011 contract between Panasonic and Tesla that promised enough cells for 80,000 vehicles or approximately 560,000 cells through 2015.


Tesla expects to deliver 21,000 Model S sedans worldwide this year. The company has estimated sales could nearly double to 40,000 next year as the Model S goes on sale in Europe and Asia.


Associated Press
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