Panasonic, Tesla team up for production of solar cells December 27, 2016 - 16:33 AMT PanARMENIAN.Net - Japanese electronics company Panasonic and U.S. electric car maker Tesla said Tuesday, December 27 they plan to begin production of photovoltaic cells and modules at a factory in Buffalo, New York, CNBC revealed. 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, 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.  Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020."   Partner news Most popular in the section |  Latest news Court in Azerbaijan extends former Karabakh leader’s arrest by 5 months  The Binagadi District Court in Azerbaijan has granted the prosecutor’s petition to extend the arrest of Arkady Ghukasyan.Dozens detained as antigovernment protest continue in Armenia At least 63 people demanding Prime Minister Nikol Pashinyan’s resignation were detained on May 14 as they blocked streets in Yerevan.Family of Ilham Aliyev’s security chief owns vast property in UK As head of security for Azerbaijan’s president, Eyyubov is closely trusted by one of the world’s most authoritarian leaders.Armenian army holding strategic command, staff drills Live firing will be carried out using automatic control systems and modern equipment. |
