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Tuesday, December 27, 2016

MAKE AMERICA GREAT AGAIN: TESLA, PANASONIC AGREE TO MANUFACTURE IN BUFFALO...


From AP:
TOKYO (AP) — Japanese electronics company Panasonic and U.S. electric car maker Tesla said Tuesday they plan to begin production of photovoltaic cells and modules at a factory in Buffalo, New York. 
The two companies said they finalized an agreement calling for Tokyo-based Panasonic to pay capital costs for the manufacturing. Palo Alto, California-based Tesla made a "long-term purchase commitment" to Panasonic. Their statement gave no financial figures. 
The factory in Buffalo is under development by SolarCity Corp., a San Mateo, California-based solar panel company owned by Tesla. 
The PV cells and modules it produces will be used in solar panels for non-solar roof products and solar glass tile roofs that Tesla plans to begin making, the announcement said. 
Production is due to begin in mid-2017. Tesla said it will create 1,400 jobs in Buffalo, 500 in manufacturing and plans further expansion in Buffalo. 
Panasonic also is to work with Tesla on next-generation technology, the companies said.

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