MOUNTAIN VIEW, Calif., Feb. 26 (UPI) -- Tesla Motors teamed up with Japanese electronics company Panasonic to build a new battery plant, aiming to lower the costs of it cars with cheaper batteries.
The aim of the partnership is to make low-cost batteries, thereby making Tesla's cars available to a larger cross-section of consumers. The plant is slated to go into production in 2017 and will build the lithium-ion batteries from scratch -- everything from processing raw materials to assembly.