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...
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