Panasonic will reportedly start mass producing next-gen Tesla batteries in 2023

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Illustration by Alex Castro / The Verge

Panasonic is due to start mass producing next-generation lithium-ion batteries for Tesla with five times the energy capacity of existing models as early as 2023, according to a report from Nikkei Asia. Although the batteries are being manufactured primarily for Tesla, a Panasonic executive didn’t rule out supplying them to other companies in a November interview. The new batteries promise to boost the range of electric cars, and make them more affordable to produce and sell.

In a statement given to Reuters, Panasonic declined to confirm Nikkei’s report. “We are studying various options for mass production, including a test production line we are establishing this business year,” the company said. “We don’t, however, have anything to...

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