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Panasonic invests $30 million in Tesla

Panasonic invests $30 million in Tesla

Panasonic Corp. says it has invested $30 million in Tesla Motors Inc., the U.S. maker of electric sports cars.
The Japanese electronics maker said Thursday it hopes to expand the market for electric vehicles with the investment.
Apart from Panasonic, Toyota Motor Corp. has already invested $50 million in the high-end electric car maker. Toyota, the world's No. 1 automaker, has also signed a $60 million contract to have Tesla help develop an electric version of Toyota's RAV4 crossover vehicle.


Updated : 2021-03-03 16:40 GMT+08:00