Tesla, Panasonic and Panasonic announce joint venture to bring 100kWh battery warehouse to India
Posted On July 14, 2021
A joint venture between Tesla and Panasonic has been announced for India, to deliver 100kwh of battery storage capacity.
The batteries are said to be of the highest quality in the world, with a capacity of up to 250kWh, and will be manufactured by Tesla and by Panasonic in the Indian city of Hyderabad.
The company will supply the batteries to Tesla’s manufacturing facilities in South Africa, the company said in a statement.
The move comes as India is on the brink of a massive battery shortage.
The country is in the midst of an unprecedented drought and the country is facing a battery shortage that could see the entire country without power for weeks.
Tesla is expected to launch a battery storage product in the first quarter of 2020, according to Bloomberg.
The announcement comes at a time when the country has been facing a power crisis, with power grids at capacity levels lower than in 2017, when the state-run grid was shut down by a massive power blackout.
Tesla’s battery warehouses are already operating in India, but the company is not yet supplying any battery to the country.
India accounts for nearly half of the global lithium-ion battery production, with production of battery cells estimated to be around 1.5 million tonnes per annum, according the US Department of Energy.
India is currently on track to produce around 50 gigawatts of battery capacity in 2020, with the country also being the world’s third largest lithium-polymer producer after China and South Korea.