Tesla Motors Model S powered by Panasonic

Electronics giant Panasonic enters into supply agreement with INDEX: Award 2007 winner Tesla Motors to supply automotive-grade battery cells to the new Tesla Model S electric sedan.

This Tuesday, Tesla Motors (INDEX: Award 2007 winner) announced that their new Model S electric sedan will be powered by top of the line lithium-ion batteries provided by the Panasonic Corporation. The collaboration is part of Tesla’s ambition to increase the production of Model S sedans while growing the electric vehicle industry. Over the next four years, Tesla and Panasonic will work together to provide over 80,000 electric vehicles with lithium-ion batteries – including 6,000 Model S vehicles from the 2012 lot.

Panasonic has worked hard to nurture the electric vehicle industry over the past few years. In 2010, they invested $30 million in Tesla, and they have also developed a high quality battery cell that utilizes nickel-type cathode technology to yield the highest energy density and performance in its class.

Both Panasonic and Tesla anticipate that the partnership will not only foster the growth of the electric vehicle industry, but will also push the Tesla Model S to the forefront as a leader of sustainable mobility.

Tesla’s goal is to accelerate the world’s transition to electric mobility with a full range of increasingly affordable electric cars. Palo Alto, California-based Tesla designs and manufactures EVs and EV powertrain components. Tesla has delivered more than 1,840 Roadsters, the world’s first electric sports car, to customers world-wide. Model S, the first premium sedan to be built from the ground up as an electric vehicle, goes on the market in mid-2012 in North America, and in Europe and Asia in late 2012.

“It is a powerful endorsement of our technology that Panasonic, the world’s leading battery cell manufacturer, has chosen to partner with Tesla to advance electric vehicle performance and value,” said Tesla Co-Founder and CEO Elon Musk. “Incorporating Panasonic’s next-generation cells into Model S batteries will ensure unrivaled range and performance. We are very grateful for our great partnership with Panasonic.”

We so habitually become quickly accustomed to humanitarian organizations and movements being aimed primarily at the developing world where we typically find the most explicit need, it is important to remember that INDEX: Design to Improve Life® is looking for designs that improve life wherever the issues arise. And the issue at hand is the fact that one-third of the world’s CO2 emissions come from transportation, thus making electrical cars needed. INDEX: Design to Improve Life® is excited about Tesla Motors’ progress.

Image: Tesla Model S electric sedan

Via: Tesla Motors

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