Panasonic, Tesla To Build Big Us Battery Plant

TOKYO (AP) — American electric car maker Tesla Motors Inc. is teaming up with Japanese electronics company Panasonic Corp. to build a battery manufacturing plant in the U.S. expected to create 6,500 jobs. Under the agreement, Tesla, based in Palo Alto, California, will prepare, provide and manage the land and buildings, while Osaka-based Panasonic will manufacture and supply the lithium-ion battery cells and invest in equipment. Worries about global warming and more stringent emissions regulations in many countries are expected to boost sales of electric and other green vehicles.

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