Tesla and Panasonic Company reached a partnership agreement with respect to the production of solar panels at a new plant in the US city of Buffalo, New York. The agreement, which is a protocol of intent with no solid commitments will be valid if approved by holders of shares in takeover SolarCity.
Partnership Agreement, which was announced in the company’s blog the Tesla, provides for the production of photovoltaic cells and modules used in solar energy-based systems, and working with storage products Tesla Powerwall and Powerpack, and possibly other products that Tesla is going to present on October 28th.
Tesla and Panasonic are already cooperating in the field of battery production at Tesla Gigafactory plant in Nevada. The new deal provides a significant extension of the current production capacity SolarCity in Buffalo. “We are very pleased to expand our partnership with the Panasonic in the framework of association Tesla business and SolarCity – said the technical director of the JB Strobel (JB Straubel). – Working together over the solar panels, we will be able to accelerate the production of highly effective and incredibly reliable solar cells and modules best price “
the Tesla and SolarCity stake holders will vote on the merger of the two companies November 17 – in the two largest shareholder is Elon Musk (Elon Musk). It is possible, the current pre-announcement with the launch on October 28 the new Tesla products are designed to show the benefits of the merger to shareholders for both companies.