Tesla And Panasonic Fight "Battery War" In Europe

By Vlad Tverdohleb for CruxialCIO:  Panasonic Corp is the producer of lithium-ion batteries for Tesla Motors Inc’s cars. However, Panasonic is now preparing to begin selling batteries that power homes in Europe. Its first market is Germany, where homeowners are even given greater incentives to switch to clean electricity generated by solar-power devices.

Thus, Panasonic’s push into international markets with home batteries is putting the Japanese company into direct competition with Tesla, its flagship customer. In May, the American company unveiled a suite of batteries to store electricity for businesses and homes.

Panasonic plans to move later to France, the U.K. and other European markets. Laurent Abadie, Panasonic Europe chief executive officer, declared on Wednesday, Sept. 2, in an interview at the IFA International Consumer Electronics Show in Berlin, that the company has not decided yet when it would start sales in Europe.  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

US Battery - Solar RE L16XC Renewable Energy Battery

US Battery - Solar RE L16XC Renewable Energy Battery

Our batteries have Xtreme thick plates with (XC Diamond Plate Technology) added to them. They have been designed for hours of heavy discharge each day, followed by a fast recharge during the daylight hours. Very few batteries can take the grueling deep discharge-recharge cycle every day for long periods of time. U.S. Battery has proven time and time again that our solar battery line can stand up to this type of battery torture day in and day out for years to come. When you demand reliable energy storage count on U.S. Battery every time!