TOKYO – the Japanese electronics company Panasonic and US electric vehicle manufacturer Tesla said Tuesday that they plan to start with the production of photovoltaic cells and modules at a plant in Buffalo, New York.
The two companies that finally, the agreement calls for Tokyo-based Panasonic to pay costs of capital for the production. Palo Alto, California-based Tesla made a “long-term purchase commitment” to Panasonic.
Their statement gave no financial figures.
The factory in Buffalo is in development by SolarCity Corp., San Mateo, California-based solar-panel company that is owned by Tesla. The PV-cells and modules that it produces, are used in solar panels for non-solar roof products and solar glass roofing tiles that Tesla plans to start making the announcement said.
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The production will start in mid-2017. Tesla said it will create 1,400 jobs in Buffalo, 500 in production and plans for further expansion in Buffalo.
Panasonic is working with Tesla on the next-generation technology, the companies said.