Panasonic to invest over $256m in Tesla’s plant for solar cells

Panasonic to invest over $256m in Tesla’s plant for solar cells

The company logo of Panasonic Corp is seen at CEATEC (Combined Exhibition of Advanced Technologies) JAPAN 2015 in Makuhari, Japan, October 6, 2015. REUTERS/Yuya Shino - RTS38NE

Panasonic Corp will invest more than 30 billion yen ($256 million) in a New York production facility of Elon Musk’s Tesla Motors to make photovoltaic (PV) cells and modules, deepening a partnership of the two companies.

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