Panasonic’s new batteries for Tesla are a game changer. Here’s why.

Panasonic’s new batteries for Tesla are a game changer. Here’s why. (Photo by Philip FONG / AFP)By 2023, Panasonic plans to mass produce lithium-ion batteries for Tesla, which will increase the range of electric vehicles over 15%.Expected to give the vehicles one of the world’s longest ranges per battery weight, the new battery will compete with rival South Korean and Chinese battery makers.Its high efficiency would also mean 10% to 20% reduced cost to produce these new batteries.In September 2020, Tesla teased the company’s purported game-changer battery for the first time. It was an enlarged cylindrical 4680 cell that, according to CEO Elon Musk, holds six times the power and five times the energy capacity with significantly lower cost. This week, Tesla’s longtime Japanese cell supplier Panasonic, announced that it will begin mass producing those batteries as early…

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