Tesla’s Musk Deepens Panasonic Ties With Solar Parts Deal
- Production of photovoltaic cells and modules to start in 2017
- Alliance is contingent on Tesla’s deal to buy SolarCity
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Tesla Motors Inc. unveiled plans to collaborate with Panasonic Corp. to make solar-energy components for SolarCity Corp., bolstering Elon Musk’s final push to merge the automaker and solar company.
Production of photovoltaic cells and modules for solar-energy systems used by SolarCity will begin in 2017 at SolarCity’s factory in Buffalo, New York, Tesla said in a statement late Sunday. The deal would be a win for Panasonic, which has shifted away from consumer electronics products to focus on housing, car information systems and car batteries.