星期四, 四月 9, 2020
Home PV News Panasonic scraps solar panels partnership with Tesla

Panasonic scraps solar panels partnership with Tesla

Panasonic is pulling out of its partnership with Tesla to produce solar panels at a factory in New York state

Source:abcNews

Panasonic is pulling out of its partnership with Tesla to produce solar panels at a factory in New York state, the Japanese electronics maker said Wednesday.

Panasonic’s production at the factory in Buffalo will end by May, with an exit by September, it said in a statement. The decision is to streamline the company’s global solar energy operations, it said.

Panasonic will continue making batteries for Tesla’s electric vehicles in another factory in Nevada, it said.

Panasonic also quoted Tesla as saying that the move won’t affect Tesla’s solar business plans.

Panasonic will also continue selling solar panels under its brand in the U.S. through its own distribution channels, it said.

The two companies’ agreement to work on solar energy was announced in 2016.

Panasonic will offer severance packages to employees at the Buffalo plant. Tesla will hire as many as possible of those who wish to keep working there, according to Panasonic.

Tesla did not immediately respond to requests for comment.

“The decision to transition away from U.S. solar manufacturing in Buffalo aligns with our global solar strategy,” said Panasonic executive Shinichiro Nakajima.

Panasonic is a major manufacturer of home appliances, such as washing machines and refrigerators, but its operations include services and products for businesses.

Tesla, based in Palo Alto, California, leads the world in electric vehicle sales.

Competition from cheaper Chinese manufacturing of solar components has posed a problem for Panasonic as it strives to reposition itself for future growth.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Swinerton breaks ground on 215-MW California solar portfolio

Longroad Energy, a renewable energy developer, owner and operator, announced the financial close and start of construction by Swinerton on Little Bear Solar, comprising four separate...

SunLogix acquires Virginia warehouse to store equipment for delayed solar projects

SunLogix, a provider of logistics services exclusively to the solar energy industry, announced it has acquired 500,000 square feet of warehousing space in Danville,...

Spain is Europe’s cheapest market for corporate solar PPAs

Spain is the best solar market for corporate power purchase agreements in Europe, according to BloombergNEF, with the lowest prices for PV projects coming...

Survey: Covid-19 to cause 50% decline in rooftop solar segment

With a run rate of over 200 MW per month, the Australian small scale rooftop market segment was soaring to record heights in the first three...