Panasonic and Tesla have finalized a joint partnership to develop solar cells.
Panasonic will invest about $256 million in a Tesla production facility in Buffalo, N.Y., Reuters reported. The electric carmaker plans to use Panasonic solar cells and modules for a panel that will work with Tesla’s batteries for homes, building, and the power grid.
Panasonic will exclusively supply batteries for Tesla’s first-mass market car, the upcoming Model 3, according to Reuters. It also creates batteries for Tesla’s Model S and Model X.
