Rob Black: Panasonic to Invest in Tesla Battery Plant

SAN FRANCISCO (KRON) — Panasonic will invest $200 to $300 million in Tesla’s lithium-ion battery plant in the United States, according to the Nikkei business daily.

However, Panasonic has yet to confirm the investment figures.

The electric car company is still trying to decide where to build the Gigafactory plants. However, it is rumored that it will be built in either California, Arizona, Nevada, or New Mexico.

(Copyright 2014, KRON 4, All rights reserved.)

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