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Panasonic Bets on Tesla ‘Beer Can’ Battery to Unlock $25,000 EVs

  • Panasonic testing new 4680 cells for mass production
  • Battery maker says ‘well-positioned’ for technical challenges
Panasonic's lithium-ion batteries for Tesla Model S, photographed in 2013.
Panasonic's lithium-ion batteries for Tesla Model S, photographed in 2013.

Photographer: Tomohiro Ohsumi/Bloomberg

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Panasonic Corp. is betting that close to a century of experience making car batteries has prepared it to manufacture a difficult-to-produce next-generation battery championed by Tesla Inc. as the key to unlocking cheaper and more ubiquitous electric vehicles.